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The average UK house price unexpectedly edged lower on a monthly basis, Halifax data showed on Tuesday. For September, the average price was £298,184, down 0.3% from August but up 1.3% from September 2024. The changes were in opposition to FXStreet-cited consensus, which expected a 0.2% on-month increase and a 2.2% rise annually. Prices in August had risen 0.3% monthly and 2.2% annually. ‘The average UK house price edged down by -0.3% (£794) in September, following a modest rise in August,’ commented Halifax Head of Mortgages Amanda Bryden. ‘The typical home now costs £298,184. Over the past 12 months prices have grown by +1.3%, the slowest annual rate since April 2024. ‘This slight monthly dip in house prices reflects a housing market that has remained broadly stable, prices are up +0.3% since the start of the year. It’s also important to remember that prices vary widely depending on characteristics like location and property type. ‘As a result, many homes are available at a cost well below this headline figure,’ she continued. ‘For example, for those looking to take their first step on the property ladder, the typical first-time buyer home costs £236,811, up +1.7% year on year, with pockets of even greater affordability to be found across different regions. ‘While affordability remains a challenge, a relatively lower mortgage rate environment and steady wage growth have helped support buyer confidence. ‘Although the broader economic outlook remains uncertain, with the affordability picture gradually improving, we continue to expect modest growth through the remainder of the year.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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