June House Price Index Headline Statistics

15th July 2025

Average House Price £296,665.

Amanda Bryden, Head of Mortgages, Halifax, said:
"The UK housing market remained steady in June, with the average property price effectively unchanged over the month, following a slight drop of -0.3% in May. At £296,665, the average house price is still around +2.5% higher than this time last year.

"The market's resilience continues to stand out and, after a brief slowdown following the spring stamp duty changes, mortgage approvals and property transactions have both picked up, with more buyers returning to the market. That's being helped by a few key factors: wages are still rising, which is easing some of the pressure on affordability, and interest rates have stabilised in recent months, giving people more confidence to plan ahead.

"Lenders have also responded to new regulatory guidance by taking a more flexible approach to affordability assessments. Over the last two months, we've already helped an additional 3,000 buyers - including more than 1,000 first-time buyers - access a mortgage they wouldn’t have qualified for before.

“Of course, challenges remain. Affordability is still stretched, particularly for those coming to the end of fixed-rate deals. The economic backdrop also remains uncertain; while inflation has eased, it’s still above target, and there are signs the jobs market may be softening.

“But with markets pricing in two more rate cuts from the Bank of England by year end, and the average rate on newly drawn mortgages now at its lowest since 2023, we continue to expect modest house price growth in the second half of the year."