The Halifax House Price Index for September was released this morning, revealing a modest decline in UK house prices. While the market remains broadly stable, the statistics suggests a slight decrease as we head into the final quarter of the year.
Key highlights:
- Monthly Change: house prices decreased by -0.3%, making a slight change compared to the last three months.
- Annual Growth: the growth of house prices eased to +1.3%, down from +2.0% in August. This marks the slowest growth since April 2024, reflecting a stable momentum across the market.
- Average House Price: the price of an average property is now £298,184.
- Regional Standouts: Northern Ireland continues to lead the UK for the fastest annual property price growth, with the average house values inflating up to +6.5% over the past year. The typical home now costs £216,496 in Nothern Ireland.
- First-Time Buyer Affordability: the average price for a first-time buyer home is now £236,811, up +1.7% year-on-year. While affordability remains a challenge, lower mortgage rates and steady wage growth are helping to support buyer confidence.
Looking ahead
The next Halifax House Price Index is scheduled for release on 7th November 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.
