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Halifax House Price Index
House prices in December 2025 were 0.3% higher compared to the same month a year earlier.
08 January: Halifax House Price Index – December 2025 08 January: Halifax House Price Index – December 2025 (PDF, 274KB, opens in a new window)
December House Price Index headline statistics
Amanda Bryden, Head of Mortgages, Halifax, said:
"Average house prices fell by -0.6% in December, down £1,789 compared to November, with a typical property now costing £297,755, the lowest since June 2025. On an annual basis, growth slowed to +0.3%, down from +0.6% in November.
"While this may feel like a subdued close to the housing market in 2025, overall activity levels were resilient over the last year and broadly in line with the pre-pandemic average.
"Various forces are poised to somewhat buoy the market heading into 2026. While December’s monthly fall in prices was likely related to uncertainty in the latter part of the year, this should now be starting to unwind. Further, mortgage rates are already reducing following the latest Base Rate cut and there are an increasing number of lending options available for those borrowing at a higher loan-to-value.
"While affordability pressures persist, the house price to income ratio was at its lowest in over a decade in December, striking a positive note for those looking to purchase their first home.
"On this basis, and recognising the headwinds that may affect buying power – such as the slowing of wage inflation and flattening employment rates – we expect a modest rise in house prices during the year of between 1% and 3%."
Future press releases
Published at 7.00am on:
Friday 06 February 2026
Friday 06 March 2026
Wednesday 08 April 2026
Friday 08 May 2026
Friday 05 June 2026
Tuesday 07 July 2026
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