FX.co ★ UK House Prices Rise at a Slower Pace

In June 2025, the Halifax House Price Index in the UK recorded a yearly increase of 2.5%, marking the smallest rise in eleven months. This follows an upwardly revised growth of 2.6% in May. On a monthly basis, house prices remained unchanged after a previously noted decline of 0.3% was revised upwards. The average property price is now £296,665, slightly down from £296,782 in May. According to Amanda Bryden, Head of Mortgages at Halifax, "Following a brief slowdown due to spring stamp duty modifications, there has been an uptick in mortgage approvals and property transactions, with more buyers re-entering the market. Contributing factors include rising wages, which are alleviating some affordability concerns, and stabilized interest rates have bolstered consumer confidence to plan for the future. With the markets anticipating two additional rate cuts by the Bank of England by year-end and the average rate on newly issued mortgages reaching its lowest point since 2023, we expect moderate growth in house prices during the second half of the year."