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.