Halifax’s 2025 House Price Index reports a 1.2% annual increase, the slowest since 2020, with average prices at £292,000.
High interest rates, peaking at 5.25%, and affordability issues have dampened buyer demand, particularly in London and the South East, where prices fell 0.5%.
First-time buyers face challenges, with deposits averaging £60,000.
Northern regions like Yorkshire saw modest 2% growth.
The Bank of England’s rate hikes to curb inflation slowed transactions by 15%, per HMRC data.
Estate agents report a buyer’s market, with sellers offering discounts up to 10%.
Experts predict a flat 2026 unless rates ease, with Zoopla forecasting 1% growth.
Government schemes like Help to Buy face scrutiny for limited impact.
The data reflects broader economic caution, with households prioritizing savings over property investment, raising concerns about long-term housing accessibility.
2025-09-19 20:11:00
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10Bet Casino offers new customers a 100% matched deposit bonus up to £50 with specific terms and conditions.
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