United Kingdom House Price Index YoY

The Halifax House Price Index in the UK rose 2.9% year-on-year in February 2025, unchanged from January’s revised six-month low and below the expected 3.1%. On a monthly basis, house prices dipped 0.1%, reversing January’s 0.6% gain and defying forecasts of a 0.3% rise. The average property price edged down to £298,602 from £298,815. "February's data reflects a balanced UK housing market. A rush for mortgages ahead of stamp duty changes has begun to fade as the April deadline nears, slowing first-time buyer price growth to 2.4%, while home mover inflation accelerated to 3.7%. Despite affordability challenges, market activity remains strong, with supply shortages and steady demand expected to drive moderate price growth this year," said Amanda Bryden, Head of Mortgages at Halifax.