FX.co ★ UK House Prices Rise More Than Expected

The Halifax House Price Index revealed a 1.9% year-on-year increase in the UK's housing market as of October 2025, accelerating from the previous month's 1.3% rise and surpassing the anticipated 1.45% gain. The average property value has now reached an unprecedented £299,862. On a monthly basis, property prices climbed by 0.6%—the most significant monthly increase since January—after a 0.3% drop, far exceeding the predicted 0.1% rise. Amanda Bryden, Head of Mortgages at Halifax, noted that buyer demand continues to be robust despite uncertainties in the market. Although affordability challenges are still evident, with average fixed mortgage rates around 4%, many purchasers are opting for smaller deposits and extended loan terms. Escalating living expenses continue to impact incomes, yet the housing market has shown resilience. Regionally, Northern Ireland topped the growth chart with an 8.0% increase (£219,646), followed by Scotland at 4.4% (£216,051), Wales at 2.0% (£229,558), and the North East at 4.1% (£180,924). Meanwhile, London and the South East experienced slight annual declines of 0.3% and 0.1% respectively, although London remains the most expensive region, with average property prices at £542,273.