Research shows house prices hitting new record level

September 10, 2025 by Brendan O'Neill

House Prices

News

Property Market

Surveys and Statistics

The latest mortgage market research shows that house prices went up again during August, which took them to the highest they have been since records began.

This data is included within the new Halifax House Price Index published by that lender. It shows that there was a 0.3% rise in prices throughout August, which took the average price of a home in the UK to £299,331. This marks a new record average price.

It also means that prices have now gone up for three months in a row, although year-on-year price growth slowed to 2.2%.

Another rise in prices does not make things easier for buyers, but one group that did get a break is first-time buyers. For them, the average price of a home has dropped by 0.6% since the beginning of summer. That currently leaves it at £237,577.

If those buyers opt for a mortgage with loan to value (LTV) of 95% and a repayment term of 30 years, they are left with monthly payments of approximately £1,179. This is a lower figure than the average monthly rent at the moment.

On a regional level, the House Price Index indicates that the region with the fastest year-on-year growth is Northern Ireland, where it is 8.1%. The only region that has not experienced price growth is the South West, where prices contracted by 0.8%.

Amanda Bryden from Halifax said that this year had seen the UK housing market stabilise.

There is some encouraging news here for mortgage advisors with the CeMAP qualification, but affordability is a concern, and one that advisors will likely need to provide advice on.