FX.co ★ UK House Price Growth Surpasses Expectations

The Halifax House Price Index experienced a 3.2% increase year-over-year in April 2025, following a revised 2.9% gain in March, surpassing the anticipated 2.6% growth. This represents the most rapid annual growth rate observed in this year so far. Monthly, house prices rose by 0.3%, countering the forecasted 0.1% decrease and rebounding from a 0.5% decline in March. However, on a quarterly scale, the index saw a slight decline of 0.1%, indicating sustained market stability. The average property price increased to £297,781 from £296,899 in March. Amanda Bryden, Halifax's Head of Mortgages, remarked that the latest figures reflect a consistent trend of notable price stability over the past six months. She emphasized that mortgage affordability has improved as borrowing rates have dropped below 4%, while wage growth remains robust. Despite a muted economic environment and geopolitical uncertainties, the housing market demonstrates resilience, with modest price increases expected to continue throughout the year.