Halifax has simply printed its HPI for October 2025, revealing that residential property costs within the UK rose 1.9% in October, with the common home worth standing at £299,862.
The index stated in its report printed this morning that property went up by 0.6% month-on-month, the largest month-to-month progress since January, and 0.5% quarter-on-quarter.
Amanda Bryden, head of mortgages at Halifax, stated: “There isn’t any doubt that affordability stays a problem for a lot of. Common fastened mortgage charges are at the moment round 4% and prone to ease down additional, however with property costs at file ranges, transferring dwelling can really feel like a stretch.
“Rising prices for on a regular basis necessities are additionally squeezing disposable incomes, which impacts how a lot persons are keen or in a position to spend on a brand new property.”
Business response:
Tom Invoice, head of UK residential analysis at Knight Frank, stated: “Steady mortgage charges have supported demand in latest months and the financial institution charge is now on a downward path. However a tax-raising Funds will curb shopping for energy and weigh on sentiment, preserving a lid on housing market exercise subsequent 12 months.”
Jeremy Leaf, north London property agent and a former RICS residential chairman, stated: “As soon as once more, the market is baring its enamel. Though sentiment is break up between upsizers who consider prospects will enhance and downsizers who assume it could deteriorate because of Funds measures, thankfully sufficient patrons and sellers have faith in longer-term prospects.
“The Chancellor could have confirmed taxes will probably be rising however encouragement might be taken from the Financial institution of England’s feedback that inflation has peaked and that path of journey for rates of interest is definitely downward within the coming months.”
Matthew Thompson, head of gross sales at Chestertons, commented: “October’s property market was noticeably calmer as many patrons have paused to see what the Funds may convey. Some patrons remained energetic and had been in a position to safe good alternatives, significantly the place sellers had been keen to barter. As soon as there’s extra readability from the Chancellor’s bulletins, we anticipate purchaser exercise to choose up as these ready on the sidelines re-enter the market.”
Nathan Emerson, CEO of Propertymark: “Any rise in home costs is a welcome signal of rising confidence within the UK housing market. It means that demand stays robust and that latest financial changes are starting to bear fruit. This optimism additionally arrives at a time when the UK authorities’s ambition to ship 1.5 million new properties in England edges nearer to changing into regulation, a probably transformative milestone for provide.
“Nevertheless, with stamp obligation throughout England and Northern Eire changing into a political flashpoint forward of the Autumn Funds and a flurry of attainable housing coverage leaks, the drawn-out uncertainty dangers unsettling each patrons and sellers.
“Housing is the heartbeat of the UK financial system, so policymakers must be centered on delivering stability and reforms that encourage motion, funding, and progress, not hesitation.”
Amy Reynolds, head of gross sales at Antony Roberts: “Anecdotally, we had been anticipating it to be very quiet within the run-up to the Funds, however that hasn’t been the case. We’ve agreed a excessive variety of gross sales – primarily freehold properties – with costs reaching as much as £2.5m.
“It might be that some patrons are transferring now to hedge their bets in case the Funds proves much less property-focused than first anticipated. A measured Funds and a charge reduce early in 2026 could be the perfect mixture to unlock extra momentum out there.”
Verona Frankish, CEO of Yopa: “Regardless of the financial headwinds and political noise forward of the Autumn Funds, it appears as if the push to finish earlier than Christmas is properly and actually on.
“A late seasonal surge in market exercise has not solely helped the month-to-month charge of home worth progress to rebound, however we’ve additionally seen the annual charge of improve strengthen as properly.
“That is the actual proof of enhancing market well being and, all in all, we’re set to complete the 12 months on a really robust footing, all issues thought-about.”
Marc von Grundherr, director of Benham and Reeves: “The property market continues to show outstanding consistency given the broader financial backdrop, with the most recent Halifax figures exhibiting that the month-to-month charge of progress has bounced again following a marginal decline in September.
“Patrons stay energetic, mortgage approvals are sturdy and, even with the Autumn Funds looming, many are urgent forward to finish earlier than Christmas.
“The underlying message is one among regular resilience quite than dramatic restoration, and that’s no dangerous factor.”
Shepherd Ncube, founder and CEO of Springbok Properties: “Whereas the most recent knowledge reveals small however optimistic steps for the market, the truth on the bottom stays much more testing for sellers.
“Market hesitation is rife and while sellers are securing a good worth, it’s taking many months earlier than they discover a purchaser keen to commit.
“These with ambitions of transferring Christmas could properly discover themselves upset, even when they have already got a purchaser, because the overarching air of market instability can also be resulting in a larger propensity for gross sales to fall via on the ultimate hour.”
Jason Tebb, president of OnTheMarket: “The housing market continues to reveal its resilience, shaking off exterior financial considerations and holding up remarkably properly whilst hypothesis continues as to what the Funds may maintain in retailer later this month.
“Confidence amongst patrons and sellers has undoubtedly been boosted by 5 base charge cuts over the previous 14 months. Yesterday’s maintain in charges for the second consecutive month, whereas not delivering the additional discount debtors would have wished, does counsel a stability out there which is encouraging. With the vote extraordinarily shut, and additional reductions anticipated, this could assist enhance affordability, stimulate the market and encourage exercise into the brand new 12 months.”
