The Halifax House Price Index was published this morning, revealing a substantial spike in UK property prices. With figures reaching their highest level since January, statistics points to renewed momentum in the housing market despite ongoing affordability concerns.
Key Highlights:
- Monthly Change: house prices have increased by +0.6% in October in comparison with a drop of -0.3% in September
- Annual Change: there’s been a slight increase by 1.9%, up from +1.3% in September
- Average House Price: the price of an average property is now at £299,862, setting a record high
- Regional Standouts: Northern Ireland continues to lead annual house price in the UK with the strongest inflation rate, with property values rose up by +0.8% over the past (up from +6.4% last month). The typical home in Northern Ireland now costs £219,646.
- First-Time Buyer Affordability: the October spike in house prices presents a mixed picture for first-time buyers. While prices rose nationally, London and the South East saw slight annual declines of -0.3% and -0.1% respectively. Yet, London remains the UK’s most expensive region, with the average property now costing £542,273. Even with this marginal dip, affordability remains a major hurdle for many aspiring homeowners in the capital.
Looking ahead
The next Halifax House Price Index is scheduled for release on Friday 5th December 2025. We’ll continue to monitor the trends and share insights through upcoming blogs and social posts, helping you stay informed on how the housing market evolves through the rest of the year.
