The Halifax House Price Index in the UK increased 2.5% yoy in May 2025, the smallest gain in ten months, easing from a 3.2% rise in April. Compared to the previous month, prices decreased 0.4%, reversing a 0.3% rise in April, following the stamp duty tax hike. The average property price now stands at £296,648 compared to £297,798 in April. "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 outlook will depend on the pace of cuts to interest rates, as well as the strength of future income growth and broader inflation trends", Amanda Bryden, Head of Mortgages, Halifax, said. source: Halifax and Bank of Scotland

House Price Index YoY in the United Kingdom decreased to 2.50 percent in May from 3.20 percent in April of 2025. House Price Index YoY in the United Kingdom averaged 6.22 percent from 1984 until 2025, reaching an all time high of 34.50 percent in October of 1988 and a record low of -16.80 percent in February of 2009. This page includes a chart with historical data for the United Kingdom House Price Index YoY. United Kingdom House Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2025.

House Price Index YoY in the United Kingdom decreased to 2.50 percent in May from 3.20 percent in April of 2025. House Price Index YoY in the United Kingdom is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom House Price Index YoY is projected to trend around 2.60 percent in 2026 and 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-05-08 06:00 AM
Halifax House Price Index YoY
Apr 3.2% 2.9% 2.6% 2.6%
2025-06-06 06:00 AM
Halifax House Price Index YoY
May 2.5% 3.2% 3.2%
2025-07-07 06:00 AM
Halifax House Price Index YoY
Jun 2.5% 4.3%


Related Last Unit Reference
Average House Prices 299648.00 GBP May 2025
Construction Orders YoY 10.50 percent Mar 2025
Construction Output YoY 1.40 percent Mar 2025
Mortgage Lending -760.00 GBP Million Apr 2025
Home Ownership Rate 64.50 percent Dec 2023
Halifax House Price Index MoM -0.40 percent May 2025
Halifax House Price Index YoY 2.50 percent May 2025
Housing Index 511.50 points May 2025
Housing Starts 30860.00 units Dec 2024
Mortgage Approvals 60.46 Thousand Apr 2025
BBA Mortgage Rate 7.09 percent May 2025
Nationwide Housing Prices 545.50 points May 2025
Nationwide Housing Prices MoM 0.50 percent May 2025
Nationwide Housing Prices YoY 3.50 percent May 2025
Price to Rent Ratio 113.62 Dec 2024
Private Rental Prices 7.40 percent Apr 2025
Residential Property Prices 3.84 Percent Dec 2024
RICS House Price Balance -3.00 percent Apr 2025

United Kingdom House Price Index YoY
The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983. From this data, a "standardized" house price is calculated and property price movements on a like -for-like basis (including seasonal adjustments) are analyzed over time.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 3.20 34.50 -16.80 1984 - 2025 percent Monthly
SA

News Stream
UK House Price Growth Slows to 10-Month Low
The Halifax House Price Index in the UK increased 2.5% yoy in May 2025, the smallest gain in ten months, easing from a 3.2% rise in April. Compared to the previous month, prices decreased 0.4%, reversing a 0.3% rise in April, following the stamp duty tax hike. The average property price now stands at £296,648 compared to £297,798 in April. "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 outlook will depend on the pace of cuts to interest rates, as well as the strength of future income growth and broader inflation trends", Amanda Bryden, Head of Mortgages, Halifax, said.
2025-06-06
UK House Price Growth Surpasses Expectations
The Halifax House Price Index rose 3.2% year-on-year in April 2025, following a revised 2.9% increase in March, exceeding forecasts of a 2.6% rise. This marks the fastest annual growth rate so far this year. On a monthly basis, house prices grew by 0.3%, defying the expected 0.1% decline and recovering from a 0.5% drop in March. However, on a quarterly basis, the index dipped slightly by 0.1%, indicating continued market stability. The average property price rose to £297,781 from £296,899 in March. Amanda Bryden, Head of Mortgages at Halifax, noted that the latest data shows a continued trend of remarkable price stability over the past six months. She also highlighted that mortgage affordability has improved as borrowing rates fall below 4%, while wage growth remains strong. Despite a subdued economic climate and geopolitical risks, the housing market is showing resilience, and modest price growth is expected to persist throughout the year.
2025-05-08
UK House Price Growth Holds Steady in March
The Halifax House Price Index in the UK rose by 2.8% yoy in March 2025, unchanged from a slightly revised figure in February and marking the slowest growth since July 2024. On a monthly basis, house prices fell 0.5%, missing market consensus of a 0.2% rise and accelerating from a revised 0.2% fall in the prior month. It was the sharpest monthly drop in a year. Over the quarter, the index rose by 0.5%. The average property price fell to £296,699 from £298,602 in February. “Our customers completed more house sales in March than in January and February combined, including the busiest single day on record,” said Amanda Bryden, Head of Mortgages at Halifax. She added that potential buyers still face challenges from higher borrowing costs, limited property supply, and economic uncertainty. “However, with further base rate cuts expected and continued wage growth, mortgage affordability should improve. As a result, we still anticipate a modest rise in house prices over the course of the year.”
2025-04-07