UK House Prices Edge Higher Despite Weak Growth

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UK house prices continued to attract attention as the latest data shows stability across the housing market. In November 2025, UK house prices remained essentially unchanged from October, signaling a slower growth pattern. Despite this modest pace, the annual increase of 0.7 percent demonstrates that values are still gradually rising nationwide. Consequently, the typical property in the United Kingdom now reaches a new average of £299,892.

Halifax’s house price index highlights that market growth is currently the weakest observed since March 2024. Nonetheless, UK house prices are “edging up” steadily, and some regions continue to outperform the national average. For instance, Northern Ireland recorded the strongest annual increase among all nations, with prices climbing 8.9 percent. The average property in Northern Ireland now costs £220,716, significantly higher than last year.

Scotland also saw meaningful growth, with house prices increasing 3.7 percent year-on-year, bringing the typical value to £216,781. In Wales, property values rose by 1.9 percent, reaching £229,430 on average. England displayed more variation, with the North West achieving the highest annual growth of 3.2 percent. The North East followed closely with prices rising 2.9 percent, bringing the average property to £180,939.

Meanwhile, southern England experienced slight price declines in November, as London property values fell by 1 percent. Similarly, prices in the South East dropped by 0.3 percent, and Eastern England saw a minimal 0.1 percent decrease. Despite this decline, London remains the most expensive part of the United Kingdom, with the typical home now costing £539,766.

Amanda Bryden, head of mortgages at Halifax, explained that the typical property edged up by £138 in November. She said weaker growth reflects the strong price increases recorded last year, demonstrating a base effect. Bryden added that stability in UK house prices this year has been remarkable, making 2025 one of the most balanced years in the last decade.

Bryden also noted that slower growth may disappoint some homeowners but improves affordability for first-time buyers. Comparing prices to average incomes, mortgage costs now represent the lowest share of income seen in about three years. Looking forward, she expects steady market activity and potential interest rate reductions to support continued gradual growth in UK house prices.

Overall, while the pace of increase has slowed, the consistent trend of rising values confirms that UK house prices remain resilient and gradually improving.

For more updates, stay tuned to London Pulse News.

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