The December 2025 Halifax House Price Index was released earlier today – how does the market look as we enter 2026?
The Halifax House Price Index (HPI) for December 2025 was published today – we’ve put together an overview of what it covers.
The latest data shows that UK house prices dipped in December, following a -0.1% fall in November. The average house price now sits at £297,755. With annual growth slowing to +0.3%, down from +0.6% in November.
Keeping consistent, the index shows Northern Ireland continuing to record the strongest property price growth of any nation or region in the UK, with average values up +7.5%, and an average home now costing £221,062.
Amanda Bryden, Head of Mortgages, Halifax noted that “While this may feel like a subdued close to the housing market in 2025, overall activity levels were resilient over the last year and broadly in line with the pre-pandemic average. Various forces are poised to somewhat buoy the market heading into 2026. While December’s monthly fall in prices was likely related to uncertainty in the latter part of the year, this should now be starting to unwind.
Further, mortgage rates are already reducing following the latest Base Rate cut and there are an increasing number of lending options available for those borrowing at a higher loan-to-value. While affordability pressures persist, the house price to income ratio was at its lowest in over a decade in December, striking a positive note for those looking to purchase their first home.”
The next Halifax House Price Index is scheduled for release on Friday 6th February 2026.