The Halifax house price index for August 2025 has just been released. It can be seen here, and in summary:

• New Record High: The average UK house price reached a new record high of £299,331 in August 2025, marking the third consecutive month of growth.
• Slowing Growth Rate: The rate of monthly growth slowed to 0.3% in August, down from 0.4% in July. The annual growth also slowed, reaching 2.2% compared to 2.5% in July.
• Regional Performance:
  • Northern Ireland led the UK with the strongest annual growth at 8.1%, followed by Scotland at 4.9%.
  • London saw modest annual growth of 0.8%, with an average price of £541,615.
  • The South West of England was the only region to see a decline, with prices falling 0.8% over the past year.
• Expert Commentary: Amanda Bryden of Halifax noted that the market has been “one of stability” throughout 2025, with prices rising by less than £600 since January. She also highlighted that improving affordability, with competitive fixed-rate mortgages now available at rates below 4%, is helping to support the market.