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Halifax House Price Index
House prices in November 2024 were 4.8% higher than the same month a year earlier.
06 December: Halifax House Price Index – November 2024 (PDF) 06 December: Halifax House Price Index – November 2024 (PDF, 370KB, opens in a new window)
November House Price Index Headline Statistics
Amanda Bryden, Head of Mortgages, Halifax, said:
“UK house prices rose for the fifth month in a row in November, up by +1.3% in the month - the biggest increase so far this year. This pushed the annual growth rate up to +4.8%, its strongest level since November 2022. As a result, the record average house price we saw in October edged higher still, with a typical property now costing £298,083.
“Latest figures continue to show improving levels of demand for mortgages, as an easing in mortgage rates boosts buyer confidence. However, despite these positive trends, many potential buyers and movers still face significant affordability challenges and buyer confidence may be tested against a changeable economic backdrop.
“As we move towards the end of the year and into 2025, positive employment figures and anticipated decreases in interest rates are expected to continue supporting demand. This should underpin further house price growth, albeit at a modest pace as borrowing costs remain above the average of a few years ago.”
Future press releases
Published at 7.00am on:
Tuesday 7th January 2025
Friday 7th February 2025
Friday 7th March 2025
Monday 7th April 2025
Thursday 8th May 2025
Friday 6th June 2025
About the Halifax House Price Index
The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983.
From this data, a "standardised" house price is calculated and property price movements on a like-for-like basis (including seasonal adjustments) are analysed over time. The annual change figure is calculated by comparing the current month seasonally adjusted figure with the same month a year earlier.
S&P DJI, a world leader in critical information, analytics and solutions (NYSE: INFO) owns and acts as administrator for the Halifax House Price Index. For more information and details on how to access other indices from the Halifax House Price Index family go to the S&P Global website.
For all Halifax press releases, please see Lloydsbankinggroup.com