House prices saw a slight increase of 0.3% compared to March, showing a stable yet resilient market.
The Halifax House Price (HPI) report for April 2025 was published today, highlighting the current position of the UK housing market. Let’s take a look at the important insights and statistics it has provided.
- Monthly Change: house prices rose 0.3% in April vs -0.5% in March.
- Annual Growth: year-on-year prices are up by 3.2%, showing an upsurge from last year with 1%
- Record High: the average property price has now reached £297,781 in comparison to £296, 899 in the previous month.
- First-Time Buyers: affordability continues to pressure first-time buyers due to changes with stamp duty. However, mortgage rates have continued to decrease along with most lenders now offering rates below 4%.
- Regional Standouts: Northern Ireland, Wales and Scotland has a track record of the strongest annual growth in house prices. Northern Ireland leads with the highest regional growth at 8.1%.
The next Halifax Price Index is scheduled for release on Friday 6th June 2025.
