Halifax has printed its Home Value Index (HPI) for July 2025, reporting a 0.4% month-to-month improve in common property costs, the largest month-to-month improve since January.
Its figures present that nationally, the common UK home value is now £298,237, up 2.4% than 12 months in the past. Some areas/nations have carried out notably higher than others. Northern Eire continues to be the strongest, seeing a 9.3% uplift over the previous yr to a median of £214,832. That is adopted by Scotland (+4.7%, with common costs now at £215,238) and Wales (+2.7% to a median of £227,928.)
In England, the North West and Yorkshire & the Humber are the 2 areas which have recorded the very best charge of property value inflation, each up 4.0% during the last yr, rising to £242,293 and £215,532 respectively. The will increase within the South West, London and the South East proceed to see average progress, with costs rising by simply +0.2% and +0.5% respectively, with the capital remaining the most costly a part of the UK with a value common of £539,914.
Amanda Bryden, head of mortgages, Halifax, stated: “Whereas the nationwide common stays near a report excessive, it’s price remembering that costs differ broadly throughout the nation relying on quite a lot of components, not least location and property sort.”
“Challenges stay for these trying to transfer up or onto the property ladder. However with mortgage charges persevering with to ease and wages nonetheless rising, the image on affordability is steadily bettering.
“Mixed with the extra versatile affordability assessments now in place, the result’s a housing market that continues to point out resilience, with exercise ranges holding up properly. We anticipate home costs to observe a gentle path of modest features via the remainder of the yr.”
Brokers have analysed and reacted to those newest figures.
Tom Invoice, head of UK residential analysis at Knight Frank: “The UK housing market is getting again on its ft following the disruption of April’s stamp obligation cliff edge, however excessive ranges of provide are retaining costs in verify. We anticipate low single-digit annual progress by the tip of the yr however that will depend on the content material of the autumn Price range. Some elements of the economic system are already adopting the brace place and patrons might start to hesitate after the summer season if hypothesis over tax rises persists. The conundrum for the housing market is that the federal government wants to extend its monetary headroom to maintain borrowing prices in verify however with out sentiment-sapping tax hikes.”
Matt Thompson, head of gross sales at Chestertons: “Many home hunters really feel that the property market now supplies a window of alternative as extra properties are up on the market. Final month, a few of our branches registered an evident uplift within the variety of distributors eager to promote which has motivated extra patrons to renew their search and make a proposal. With the Financial institution of England more likely to reduce rates of interest right now, we anticipate extra patrons to proceed with their property search over the approaching weeks.”
Jonathan Handford, MD of Wonderful & Nation: “A big uptick in home costs just isn’t unusual right now of yr. Potential patrons typically take outing from work to buy round for properties, and this may improve competitors for fascinating listings. Sellers ought to maintain their expectations sensible, as this progress varies broadly throughout the UK – Northern Eire has seen progress of virtually 10%, in comparison with elements of London the place costs are barely rising in any respect.
“Falling rates of interest might spur demand and maintain home costs heading in the right direction for wholesome progress. Nonetheless, this should be tempered by the necessity to maintain affordability intact. Sturdy wage progress will assist this, and we’re unlikely to see annual value progress surge past 3% in 2025.”
