The February 2025 Halifax House Price Index was released earlier today – have we had a stable start to 2025?
The Halifax House Price Index (HPI) for February 2025 was published today – we’ve put together an overview of what it covers.
The latest data shows that UK house prices have decreased by -0.1% in February, dipping slightly from January’s increase. The average house price now sits at £298,602.
According to the index, year-on-year prices are +2.9%, the same as in January. Most areas of the UK saw a slowdown in house price inflation in February. However, Scotland saw annual growth increase to +3.8% compared to +2.5% in January, with an average house price of £213,014. Northern Ireland continues to record the strongest property price growth of any nation or region in the UK, remaining uncharged with a +5.9% on an annual basis in February 2025, and an average cost of £205,784.
The housing market has remained stable as market activity remains strong. Amanda Bryden, Head of Mortgages, Halifax noted that February’s figures highlight the delicate balance within the UK housing market. While there’s been talk of a last minute rush on new mortgages ahead of the changes to stamp duty, inevitably we’ve seen some of the demand that was brought forward start to fade as the April deadline ticks closer, given the time needed to complete a purchase. That may help to explain why growth in first-time buyer property prices eased in February, falling to +2.4%, in contrast to homemover price inflation which accelerated, reaching +3.7%.”
The next Halifax House Price Index is scheduled for release on Friday 7th April 2025.
