FX.co ★ UK House Price Growth Falls to 1½-Year Low

The Halifax House Price Index revealed a 0.7% increase year-on-year in November 2025, decelerating from 1.9% in October and marking the most modest growth since March 2024. The average property price rose to a record £299,892, reflecting a minor monthly increase of just £139. While prices remained unchanged on a monthly basis, this follows a previous 0.5% uptick in October, falling short of the anticipated 0.2% increase. This slowdown can be largely attributed to stronger price growth seen one year prior. Amanda Bryden, the Head of Mortgages at Halifax, highlighted that the housing market has been one of the most consistent over the past decade, maintaining stable prices despite changes to Stamp Duty and uncertainties surrounding the Autumn Budget. She also pointed out that affordability has improved, with mortgage expenses as a proportion of income currently at their lowest in approximately three years. Regionally, Northern Ireland led in annual growth with an increase of 8.9%, followed by Scotland at 3.7% and Wales at 1.9%. In England, the North West experienced the most significant rise at 3.2%, with the North East close behind at 2.9%.