Overview

• The average UK house price fell by £1,575 in March 2025, marking a 0.5% month-on-month decrease, according to Halifax.
• Annual house price growth remained steady at 2.8% in March, despite the recent monthly declines.
• The decline follows a surge in January as buyers rushed to complete transactions ahead of the April 1 stamp duty threshold changes.
• Northern Ireland recorded the strongest annual price growth at 6.6%, while London had the lowest growth at 1.1% but retained the highest average price of £543,370.
• Experts predict modest price increases later in 2025, supported by anticipated Bank of England rate cuts and improving mortgage affordability.