Guildford Property Price Report (Q3 2025)
UK Property Market Update – September 2025 Land Registry Release
The Land Registry has now released all recorded property sales data up to the end of September 2025, allowing us to analyse the latest trends at both a national and local level. Before turning our focus to Guildford, we have reviewed the broader picture across England and Wales to understand how the market is evolving.
National Sales Volumes Are Recovering
Following a challenging period for the housing market, the number of completed property transactions is beginning to show signs of improvement.
- 2023: 550,000 transactions
- 2024: 401,000 transactions (a significant year-on-year drop)
- 2025 (Jan–Sept): 363,000 transactions already recorded
With a full quarter still to report, the UK is on track to exceed the total sales recorded in 2024, signalling renewed activity and rising buyer confidence.
| Year | Detached | Semi-detached | Terraced | Total |
|---|---|---|---|---|
| 2023 | 161,514 | 192,929 | 195,928 | 550,371 |
| 2024 | 113,558 | 141,958 | 146,043 | 401,559 |
| 2025* | 102,159 | 127,453 | 133,272 | 362,884 |
*Jan to Sept 2025
Average Prices – A Mixed Picture Across Property Types
National average sale prices have shifted in different directions depending on property type:
- Detached homes: down from £510,000 to £498,000
- Semi-detached homes: a slight dip from £315,000 to £312,000
- Terraced homes: down by £1,000, now averaging £288,000
- The changes reflect a cooling at the higher end of the market, while more affordable and mid-range property types have shown greater stability.
| Average House Prices (Guildford) | Detached | Semi-Detached | Terraced | Flats |
|---|---|---|---|---|
| New Homes | £909,000 | £695,167 | None Sold | None Sold |
| Used Houses | £897,028 | £545,472 | £430,170 | £302,460 |
New Build Sales Have Declined Dramatically
Perhaps the most striking national trend is the sharp contraction in the number of new build homes being purchased:
- 2023: 85,000 new homes sold
- 2024: 31,000 new homes sold
- 2025 (Jan–Sept): fewer than 10,000 completed sales
This represents one of the steepest drops of any segment of the housing market and may indicate ongoing challenges around affordability, mortgage rates, construction output, and developer activity.
Guildford Market Overview – A Notable Slowdown in Activity
Turning to Guildford, the local market has diverged from the national trend. While many areas of the South East are seeing rising activity, Guildford has experienced a clear reduction in completed sales this year:
- Q1 2025: 395 transactions
- Q2 2025: 203 transactions
- Q3 2025: 191 transactions
This marks a persistent decline across each quarter, and Guildford now sits well below comparable areas in terms of market activity. For example, Woking and Crawley have both recorded significant upticks in sales volumes during the same period, signalling that Guildford’s slowdown is not purely regional but more location-specific.
Despite the overall fall in transactions, new build properties continue to have a presence in the local market. For the year to date, new homes account for approximately 14% of all property sales in Guildford, a higher proportion than might be expected given the national downturn in new build purchases.
Why Fallows Property Research is Different
Fallows property research is based on the complete set of residential property transactions recorded by HM Land Registry, rather than a sample or survey. This gives our analysis several strengths:
Full-market coverage:
Unlike Nationwide, Halifax and RICS, which rely on mortgage approvals, survey responses or lender-specific datasets, our reporting uses every completed sale registered in England and Wales. This means our figures reflect the whole market, including cash purchases, new builds, and sales across all lenders.
Greater geographical precision:
Because we analyse individual transactions, we are able to report with local authority, town and even district-level detail, offering a clearer picture of local trends than national lending-based indices can provide.
However, it is important to note a limitation of Land Registry data:
Registration delay (“lag effect”):
HM Land Registry publishes transactions in the month they are processed, not the month the property was sold. Some sales register quickly, while others — especially new builds or more complex transactions — can take several weeks or months to appear. As a result, the true activity month to month may not be accurate.
At Fallows we account for this natural lag when interpreting trends, ensuring our commentary remains both accurate and responsibly presented.
