Industry Reaction to Halifax House Price Index – June 2025
Nathan Emerson, CEO of Propertymark, comments:
“Today’s news suggests that house prices have dropped quarterly and that there has been no monthly increase in house prices, which demonstrates that the UK housing market has faced considerable upheaval in response to a turbulent global economy and Stamp Duty thresholds in England and Northern Ireland increasing from the beginning of April.
“However, the UK Government is expressing a lot of positive noises to boost England’s housing supply and increase confidence in the housing market in general. These include creating a National Housing Bank to invest in building 500,000 new homes, and the speed at which the Planning and Infrastructure Bill has progressed through Parliament so far, all of which should have long-term benefits, alongside the devolved administrations meeting their own housing targets.”
Foxtons CEO, Guy Gittins, commented:
“Despite house price growth remaining flat on a month to month basis, today’s Halifax figures continue to illustrate the strength in the market with the longer term view of market health showing house prices remain higher on an annual basis.
We’ve already seen a heightened degree of activity over the first six months of the year and, as we head into H2, our expectation is that market activity will continue to strengthen.”
Verona Frankish, CEO of Yopa:
“The latest house price data from Halifax paints a picture of a market that is stabilising, not slowing.
The fact that prices remained flat rather than falling in June suggests that buyer sentiment is improving and many are adjusting to current borrowing conditions and new stamp duty thresholds.
The return of first-time buyer activity is particularly encouraging and reflects a growing sense of normality in the market.
With the summer traditionally being a busy season, we’re optimistic that transaction levels will pick up further, especially if mortgage rates become more competitive.”
Marc von Grundherr, Director of Benham and Reeves:
“The property market continues to demonstrate remarkable resilience, with house prices holding steady in June despite ongoing pressure from elevated mortgage rates and wider economic uncertainty.
While growth has softened slightly on an annual basis, the underlying fundamentals remain robust, particularly in key urban areas where demand for quality housing continues to outstrip supply.
We’re also seeing increased confidence from international buyers and returning first-time purchasers, now that the impact of the stamp duty changes have levelled out.”
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