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.