House prices in the UK increased by +0.3% in April 2025 after falling by 0.5% in March, with the average property price now £297,781 compared to £296,899 in previous month according to Halifax.
Northern Ireland continues to post the highest level of annual property price inflation, rising by +8.1% in March with house prices now averaging £208,220.
Amanda Bryden, Head of Mortgages, Halifax, said: "UK house prices rose by +0.3% in April, an increase of just under £900. The annual growth rate also ticked up to +3.2%, reaching its highest level so far this year.
“We know the stamp duty changes prompted a surge in transactions in the early part of this year, as buyers rushed to beat the tax-rise deadline. However, this didn't lead to a significant increase in property prices, with the last six months characterised by a stability in prices rarely seen since the pandemic. While the market has cooled slightly since this rush, buyer activity remains strong in comparison to recent years.”
Wales was next with annual house price growth increasing to +4.7% in April with the average house price now at £229,079. Scotland followed, where property prices were up +4.6% year-on-year in April, to an average of £214,011.
In England, the North West showed the strongest growth, up +4.1% on an annual basis, with properties now costing an average of £240,975. London continues to see more subdued annual house price growth of +1.3%. However, the capital remains the most expensive market for properties in the UK, with an average price tag of £543,346. The South West has the slowest rate of annual property price inflation, at +0.9%. The average house price is £304,451.
Bryden added: “Mortgage rates have continued to fall, with most lenders now offering rates below 4%. Coupled with positive earnings growth that has outpaced broader inflation, these factors have helped to steadily improve affordability for many buyers.
“Overall, the market continues to show resilience despite a subdued economic environment and risks from geopolitical developments. There is likely to be a bump-up in consumer price inflation as household bills increase, but with further base rate cuts also expected, we anticipate a similar trend of modest price growth this year."
