Overview
- November values were essentially flat on the month, with a £138 uptick taking the average price to a record £299,892.
- Annual growth slowed to 0.7% from 1.9% in October, the weakest pace since March 2024, which Halifax said reflects base effects from stronger gains a year earlier.
- Regional performance diverged sharply, led by Northern Ireland at +8.9% and the North West at +3.2%, while London recorded a 1.0% fall.
- Halifax described 2025 as unusually stable despite policy changes, and said affordability versus incomes is the strongest since late 2015 with mortgage costs at a three‑year low share of income.
- Commentators reported higher stocks of homes giving buyers more choice and capping short‑term price rises as lenders trim fixed rates and mortgage pricing remains sensitive to swap markets.