Halifax House Price Index: UK house price growth hits lowest rate this year with no signs of a seasonal lifeline

November 11, 2019

The latest index shows a slow but steady increase of 0.9% annually, although this is the lowest rate of growth so far this year.

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

“Perhaps a tad predictable that as we receive yet another Brexit based encore from Westminster, the UK housing market also delivers the lowest rate of house price growth so far this year.

Political uncertainty seems to be sucking any seasonal lifelines from the current property landscape with no signs of an Autumn bounce and, with Brexit repacked and on hold until December, it’s unlikely we will see a Christmas miracle to help revive market activity either.

However, while home sellers hold tight and choose to revel in seasonal festivities rather than enter the property mix, the UK housing market will remain dormant but defiant, until such time we chisel away the ice of political uncertainty. At which point the slow but consistent levels of growth seen this year will start to accelerate once again.”

Properganda PR

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

You May Also Enjoy

Breaking News

Mortgage approvals up in February

The latest mortgage approval data from the Bank of England show that: –   Mortgage approvals on house purchases for February sat at 62,584 up (3.9%) from 60,246 seen in January. Approvals are down (-3.9%) when compared to the 65,114 seen in February 2025. This annual decline was expected due to wider market slowdown and economic…
Read More →
Breaking News

Pain for landlords as buy-to-let borrowing costs soar

Buy-to-let fixed mortgage rates are soaring due to unrest in the Middle East, according to Moneyfactscompare.co.uk. Landlords also face further financial challenges over the next few years, to meet new private rental rules. Average buy-to-let fixed rates over a two- or five-year term have risen since the start of March 2026. The two-year rate is…
Read More →
Breaking News

Breaking Property News 26/3/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Average house prices in England are 7.6 times the median average salary The house-price-to-salary ratios in England continue to see a gradual decline post Covid-19 spike Following today’s release of the ONS Housing Affordability in England and Wales: 2025 data confirming that median average…
Read More →
Breaking News

Households facing £114 council tax increase

The latest research from eXp UK shows that the average household could see their council tax increase by £114 over the next year following increases of up to £986 over the past ten years. At the beginning of April, the majority of local councils are expected to put council tax up by 4.99% – the…
Read More →
Breaking News

UK House Price Index for January 2025

The latest index shows that: The average monthly rate of house price growth in January was -0.3%. Average UK house price annual inflation was 1.3% in the 12 months to January 2025. As a result, the average UK house price currently sits at £268,000.   Here are some thoughts from the Industry.   Damien Jefferies,…
Read More →
Breaking News

Exchange time reaches 135 days

Property transactions slow as exchange time reaches 135 days — up 45% on 2019 The time it takes to exchange contracts has risen to 135 days — 45% longer than in 2019 and 3% higher than last year — despite a drop in property transactions year-on-year, it emerged today. Novus Strategy, the transformation consultancy for…
Read More →