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41m ago

Halifax Says UK House Prices Fell 0.3% in September as Annual Growth Eases to 1.3%

Halifax signals a broadly stable market, expecting modest growth this year.

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A rainbow is seen over apartments in Wandsworth on the River Thames as UK house prices continue to fall, in London, Britain, August 26, 2023. REUTERS/Kevin Coombs
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Overview

  • The average UK house price slipped by £794 to £298,184 in September, with annual growth slowing to 1.3%, the weakest since April 2024.
  • Halifax reported a 0.4% rise over the latest quarter and said prices are up 0.3% since the start of 2025.
  • Economists surveyed by Reuters had expected a 0.2% monthly increase and 2.2% annual rise, so the print came in below forecasts.
  • Rival data from Nationwide showed a 0.5% monthly gain and 2.2% annual growth, highlighting short‑term divergence between the indices.
  • Halifax cited improving affordability from relatively lower mortgage rates and steady wages, noting economic and potential property tax uncertainties yet maintaining a modest growth outlook for the rest of the year.