Halifax House Price Index November 2025
House prices in November 2025 were flat compared to the same month a year earlier.
UK house prices hold steady as yearly growth slows
• House prices were broadly unchanged in November (+0.0%) after a +0.5% rise in October
• Average property price is now £299,892, edging up to another new record high
• Annual growth slowed to +0.7%, down from +1.9% in October
• Slower rate of annual inflation largely reflects the impact of stronger growth a year ago
• Regional data continues to show a clear North/South divide
Nations and regions house prices
Northern Ireland remains the strongest performing nation or region in the UK, with average property
prices rising by +8.9% over the past year (up from +7.9% last month). The typical home now costs
£220,716.
Scotland recorded annual price growth of +3.7% in November, up to an average of £216,781. In
Wales property values rose +1.9% year-on-year to £229,430.
In England, the North West recorded the highest annual growth rate, with property prices rising by
+3.2% to £245,070, followed by the North East with growth of +2.9% to £180,939.
Further south, three regions saw prices decrease in November. In London prices fell by -1.0%, the
South East by -0.3% and Eastern England by -0.1%. The capital remains the most expensive part of
the UK, with an average property now costing £539,766.
Amanda Bryden, Head of Mortgages, Halifax, said:
“Average house prices were broadly unchanged in November, edging up by £139 compared to October, with the typical property now costing £299,892. Annual growth has slowed to +0.7%, the weakest rate since March 2024, though this largely reflects the base effect of much stronger price growth this time last year.
“This consistency in average prices reflects what has been one of the most stable years for the housing market over the last decade. Even with the changes to Stamp Duty back in spring and some uncertainty ahead of the Autumn Budget, property values have remained steady.
“While slower growth may disappoint some existing homeowners, it’s welcome news for first-time buyers. Comparing property prices to average incomes, affordability is now at its strongest since late 2015. Taking into account today’s higher interest rates, mortgage costs as a share of income are at their lowest level in around three years.
“Looking ahead, with market activity steady and expectations of further interest rate reductions to come, we anticipate property prices will continue to grow gradually into 2026.”
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