Halifax House Price Index

Data Real Estate

Source: Halifax
Source Link: https://www.halifax.co.uk/
Frequency: Monthly
Next Release(s): December 5th, 2025 2:00 AM

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UK house prices fell -0.3% MoM in September 2025 (vs +0.2% in August), bringing the average home price to £298,184, while annual growth eased to +1.3% YoY, the slowest pace since April 2024.
- The quarterly rate of change was +0.4%, indicating that prices remain broadly stable despite recent monthly softness.
- Prices are now up just +0.3% since the start of 2025, reflecting limited overall momentum in the market.
- The typical first-time buyer home costs £236,811, up +1.7% YoY, suggesting slightly stronger gains in the entry-level segment.
- Northern Ireland continued to record the strongest annual growth among UK regions, maintaining its lead in house price resilience.
- Halifax noted that affordability challenges persist but have been partly offset by lower mortgage rates and steady wage growth.
- The bank expects modest price growth to continue through year-end amid an improving affordability environment.
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The UK Halifax House Price Index rose +0.3% MoM in August 2025, the third consecutive monthly gain, while annual growth eased slightly to +2.2% YoY (down from +2.5% YoY in July), with the average house price reaching a new record high of £299,331.
- Quarterly price growth was +0.4%, highlighting a steady upward trend despite broader economic uncertainty.
- First-time buyer affordability improved, with average prices for this group down -0.6% since May to £237,577, lowering monthly mortgage costs relative to rents.
- Northern Ireland led regional gains with +8.1% YoY growth, though this slowed from +9.3% in July; Scotland followed at +4.9% YoY.
- England showed a clear North/South divide, with the North East, North West, and Yorkshire & Humber recording the fastest growth, while the South West fell -0.8% YoY.
- London prices rose +0.8% YoY, remaining the UK’s most expensive region at £541,615.
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The UK Halifax House Price Index rose +0.4% MoM (vs +0.3% MoM expected) in July 2025, the largest monthly gain since January, while annual price growth slowed slightly to +2.4% YoY (from +2.7% in June).
- The average house price rose to £298,237, up £1,080 from June.
- Quarterly price change was -0.1%, indicating mild softening over the 3-month period.
- Northern Ireland continued to lead regional price growth.
- Affordability is gradually improving as mortgage rates ease and wages rise.
- A wave of fixed-rate mortgage expirations in H2 2025 may influence market behavior but is not expected to significantly affect prices.
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The UK Halifax House Price Index was flat at 0.0% MoM in June 2025, following a -0.3% MoM decline in May, while annual price growth slowed slightly to +2.5% YoY from +2.6% in May.
- The average house price dipped marginally to £296,665 from £296,782 in May.
- Quarterly price change was -0.3%, unchanged from the prior month.
- Northern Ireland led regional gains with +9.6% YoY growth; Scotland followed at +4.9% YoY.
- London saw subdued growth of just +0.6% YoY but remained the most expensive region at £540,048.
- Mortgage approvals rose +3.9% MoM and +3.3% YoY to 63,032 in May; property transactions increased +25.1% MoM but were still down -11.8% YoY.
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The UK Halifax House Price Index fell -0.4% MoM in May 2025, following a +0.3% MoM gain in April, with annual price growth slowing to 2.5% YoY from 3.2% YoY.
- The average house price declined to £296,648, down about £1,150 from April.
- Quarterly change was -0.3%, with prices down -0.2% since the start of 2025.
- Northern Ireland led annual growth at +8.6% YoY, followed by Wales and Scotland at +4.8% YoY.
- London posted the weakest annual growth at +1.2% YoY but remained the most expensive region (£542,017).
- HMRC data showed April home sales down -63.5% MoM; mortgage approvals also fell -4.9% MoM.
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The UK Halifax House Price Index increased 0.3% MoM in April, a bounce from the -0.5% MoM decline in March and above expectations of a -0.1% MoM decline.
- Over the last quarter, house prices fell -0.1%, and the annual rate accelerated from 2.9% YoY to 3.2% YoY.
- House prices remarkably stable over last six months, down by just £48.
- Halifax: “We know the stamp duty changes prompted a surge in transactions in the early part of this year, as buyers rushed to beat the tax-rise deadline. However, this didn't lead to a significant increase in property prices…”
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The UK Halifax House Price Index fell -0.5% MoM in March, well below the 0.2% MoM increase that was expected. This is the 2nd straight negative monthly print.
- The annual increase in house prices was 2.8% YoY, unchanged from the 2.8% YoY increase in February.
- Over the last three months, house prices are up 0.5% QoQ, the weakest quarterly increase since July 2024.
- Halifax: “House prices rose in January as buyers rushed to beat the March stamp duty deadline. However, with those deals now completing, demand is returning to normal and new applications slowing. Our customers completed more house sales in March than in January and February combined, including the busiest single day on record. Following this burst of activity, house prices, which remain near record highs, unsurprisingly fell back last month.”
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The UK Halifax House Price Index fell -0.1% MoM in February, a surprise drop when a 0.3% MoM increase was expected.
- The quarterly increase was 1.0% QoQ, down from 1.6% QoQ in January, and the annual increase was 2.9% YoY, down from 3.0% YoY previously.
- Average property price is now £298,602, down from £298,815 in previous month.
- Halifax: “February's figures highlight the delicate balance within the UK housing market. While there’s been talk of a last minute rush on new mortgages ahead of the changes to stamp duty, inevitably we’ve seen some of the demand that was brought forward start to fade as the April deadline ticks closer, given the time needed to complete a purchase.”
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The UK Halifax House Price Index beat expectations with a strong 0.7% MoM (vs 0.2% MoM forecasted) increase to start the year after a weak December move of -0.2% MoM.
- Despite the high monthly rate, the annual rate eased from 3.4% YoY to 3.0% YoY. However, the quarterly rate of 1.6% QoQ was the highest since March 2024.
- Average property price of £299,138 is a new record high.
- Halifax: "Affordability is still a challenge for many would-be buyers, but the market's resilience is noteworthy. There’s strong demand for new mortgages and growth in lending.”
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The UK Halifax House Price Index showed house prices down by -0.2% MoM in December with annual growth slowing to 3.3% YoY from 4.7% YoY in November. This is a significant increase from the 1.9% YoY increase in home prices in December 2023. In Q4 2024, house prices increased 1.4% QoQ.

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