Halifax House Price Index: House price growth remains muted as election looms

Director of Benham and Reeves, Marc von Grundherr, commented:

“The one thing that will no doubt be on the Christmas wish list of home buyers and sellers across the UK is an end to the market uncertainty that has plagued both house price growth and stock levels for some months now.

While the latest numbers may suggest a Christmas miracle in the making, any real stability or growth is unlikely to return this side of the New Year given the upcoming election and the seasonal market slowdown that comes with Christmas.

The focus now must be setting a firm political foundation on which we can build and doing so will ensure a swift return to normality over the year ahead.

Failure to do so will no doubt leave the UK property market in further limbo with no real movement on either side of the coin and stagnant growth for the foreseeable future.”

Founder and CEO of Stone Real Estate, Michael Stone, commented:

“Over the last year, we’ve seen market momentum just about maintained as a result of strong delivery on the part of our housebuilders coupled with first-time buyer appetite. As a result, the new build sector has really helped prop up the wider market which has otherwise looked rather weary, to say the least.

While this has been enough to keep things ticking over at a top-level, it’s simply not enough to fuel the fires on a long-term basis or spur a return to previous health. For this to happen we need to see an end to political and economic market uncertainty and so next week’s election is vital for the overall future of the market.

A Conservative majority and the stability this should bring will act as a welcome adrenaline shot into the heart of the UK property market. Even Jeremy Corbyn getting the keys to number 10 would at least allow us to move forward to some degree.

However, the real worst-case scenario would be a hung parliament and yet more indecision, chaos and uncertainty would be very detrimental to a sector that is looking green around the gills having endured such conditions for some months already.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

UK monthly property transactions for May 2025

Headline statistics from the latest transactions data include: the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 81,470, 12% lower than May 2024 and 25% higher than April 2025 the provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2025 is 80,530, 13% lower than May 2024 and…
Read More
Breaking News

Construction Skills Mission Board (CSMB) shows the Government has a plan

The Construction Skills Mission Board (CSMB) held its first board meeting today (26 June 2025), where it set out a roadmap for recruiting 100,000 more construction workers a year by the end of Parliament. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The Construction Skills Mission Board (CSMB) is a recognition…
Read More
Paint Stripper Tools
Estate Agent Talk

5 Strategies to Optimise Your Warehouse for Real Estate

The term fixer-upper can mean many things, from ‘slap some paint on the walls and it looks brand new’ to ‘will this building collapse if we open the front door?’ Indeed, in the dicey world of commercial property acquisition, each warehouse you buy will probably fall into both camps. Thinking about the viability of warehouses…
Read More
Breaking News

HMOs sell for up to 50% above market average

New research from Excellion Capital, the boutique debt advisory and investment firm, reveals that HMOs sell for as much as 50% above the average house price, further increasing their investment potential after it was revealed that HMOs also create rental yields of up to 12.5%. After previous research from Excellion Capital recently showed that the…
Read More
Breaking News

UK buyers struggle while 50,000 homes sit empty

As the UK housing crisis deepens, new analysis by Open Property Group exposes a worrying surge in so-called “zombie homes”- properties that sit unoccupied and deteriorating while millions struggle to access affordable housing. Key insights: 50,000+ long-term vacant homes in England alone 23,000+ of these have been empty for more than two years Estimated £13.6…
Read More
Breaking News

Breaking Property News 26/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   The UK is Europe’s second most distressed market despite headline GDP growth Retail and Consumers Goods has emerged as the most distressed sector in Europe, with distress levels now the highest since the global financial crisis, according to the latest Weil European Distress Index (WEDI). The…
Read More