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But that's nominal prices. Inflation has been severe since the COVID-19 pandemic started. Can't disregard that.
https://www.in2013dollars.com/uk/inflation/2020?amount=100
That makes the nominal increase a decrease in real terms.
Average wages haven't gone up by 25% since 2020, and I doubt people have been getting 25% returns on cash held over that period.
Housing affordability is lower than at any time pre-2020.
https://www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/housingaffordabilityinenglandandwales/2022
That may be true, but affordability is a different matter from whether house prices are rising.