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UK house prices rise 0.3% in August, Halifax says
UK house prices reached a record £299,331 in August 2025 with Northern Ireland leading growth at 8.1%, while first-time buyers saw improved affordability, Halifax reported.
- On Friday, Halifax reported national house prices rose 0.3% in August, marking a third consecutive monthly increase and reaching a new record average of 399,331, while annual growth eased to 2.2%.
- Bank of England data showed mortgage approvals rose to a six-month high, signalling demand is starting to recover, while first-time buyers paid an average of 237,577, down 0.6% since May, improving affordability.
- Regionally, Northern Ireland led annual growth at 8.1% with an average price of 3217,082, Scotland rose 4.9% to 3215,594, and London remained priciest at 541,615 with 0.8% growth.
- With the Autumn Statement set for November 26, rumours of a sales levy on homes over �500,000 and tax changes are causing buyers to pull out, slowing transactions.
- Analysts warn rising long-term bond yields and swap rates risk pushing mortgage rates higher, and Andrew Bailey, Governor of the Bank of England, doubts rate cuts this year, threatening recovery.
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19 Articles
Evening Standard+4 Reposted by 4 other sources
Average UK house price hits new record high of £299,331 in August, says Halifax
The bank said house prices recorded the third month-on-month rise in a row.
·London, United Kingdom
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Total News Sources19
Leaning Left4Leaning Right2Center4Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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