The March 2025 Halifax House Price Index was released earlier today – what can we expect as summer begins?
The Halifax House Price Index (HPI) for May 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 -0.4% in May, following a +0.3% rise in April. The average house price now sits at £296,648.
According to the index, year-on-year prices are +2.5%, a decline from April’s +3.2%. North West and Yorkshire and the Humber showed the highest annual house price growth of +3.7%, with average property values in these areas now £240,823 and £213,983 respectively. Northern Ireland continues to record the strongest property price growth of any nation or region in the UK, with a +8.6% increase over the past year, and an average cost of £209,388.
Amanda Bryden, Head of Mortgages, Halifax noted that “These small monthly movements point to a housing market that has remained largely stable, with average prices down by just -0.2% since the start of the year. The market appears to have absorbed the temporary surge in activity over spring, which was driven by the changes to stamp duty. Affordability remains a challenge, with house prices still high relative to incomes. However, lower mortgage rates and steady wage growth have helped support buyer confidence.”
The next Halifax House Price Index is scheduled for release on Monday 7th July 2025.
