FX.co ★ UK House Price Growth Holds Steady in March

In March 2025, the Halifax House Price Index in the UK experienced a year-on-year increase of 2.8%, maintaining the same rate as a slightly revised figure from February, and representing the slowest growth since July 2024. On a monthly comparison, house prices slipped by 0.5%, contrary to the market's forecast of a 0.2% increase, and further deepening from a revised 0.2% decline in the previous month. This marks the steepest monthly decline in a year. Quarterly, the index showed a modest increase of 0.5%. The average property price decreased to £296,699 from February’s £298,602. Amanda Bryden, Head of Mortgages at Halifax, stated, "In March, we completed more house sales than in January and February combined, marking the busiest single day on record." She noted that potential buyers continue to face hurdles from elevated borrowing costs, restricted property availability, and economic uncertainties. "Nonetheless, with anticipated base rate reductions and ongoing wage growth, mortgage affordability is expected to improve. Consequently, we still foresee a modest increase in house prices over the year."