Overview

• July’s 0.4% increase marks the strongest month-on-month jump since January.
• The rise pushed the average UK house price to £298,237, reflecting a 2.4% year-on-year gain.
• Northern Ireland led regional growth with a 9.3% annual increase while other areas saw more modest gains.
• Economists widely anticipate today’s Bank of England cut to 4% to ease mortgage borrowing costs.
• Halifax expects steady, modest price gains through the remainder of 2025 as mortgage rates fall and lending criteria adapt.