Financial News: UK Halifax House Price Growth Slows In December

UK Halifax House Price Growth Slows In December

01/08/2026 - 05:28:00 (RTTNews)

(RTTNews) - UK house prices logged a slower growth in December as uncertainty weighed on housing market activity towards the end of the year, data from the mortgage lender Halifax showed on Thursday. House price growth halved to 0.3 percent in December from 0.6 percent in November. Average property price was GBP 297,755, which was the lowest since June.

Month-on-month, house prices dropped 0.6 percent, worse than November's 0.1 percent fall. This was the second consecutive fall in prices. "While this may feel like a subdued close to the housing market in 2025, overall activity levels were resilient over the last year and broadly in line with the pre-pandemic average," Halifax Head of Mortgages Amanda Bryden said.

"Various forces are poised to somewhat buoy the market heading into 2026," Bryden added.

"While December's monthly fall in prices was likely related to uncertainty in the latter part of the year, this should now be starting to unwind," said Bryden. Further, Halifax noted that mortgage rates are already reducing following the latest Base Rate cut and there are an increasing number of lending options available for those borrowing at a higher loan-to-value.

Although affordability pressures persist, the house price to income ratio remained at its lowest in over a decade in December, striking a positive note for those looking to purchase their first home.

Halifax expects moderate rise in house prices during the year of between 1 percent and 3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Increase More Than Expected (36 min(s), 51 sec(s) ago)
(RTTNews) - After reporting a substantial increase in U.S. crude oil inventories in the previous w ...Full Story»

U.S. Services Index Jumps To Highest Level In Over Three Years (43 min(s), 51 sec(s) ago)
(RTTNews) - Service sector activity in the U.S. unexpectedly grew at a faster pace in the month of ...Full Story»

U.S. Private Sector Job Growth Exceeds Estimates In February (01 hr(s), 28 min(s), 51 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employme ...Full Story»

Luxembourg Inflation Remains Stable At 1.3% (01 hr(s), 47 min(s), 51 sec(s) ago)
(RTTNews) - Consumer price inflation in Luxembourg held steady in February after easing to a 13-mo ...Full Story»

Hong Kong Retail Sales Growth Eases To 5.5% (02 hr(s), 31 min(s), 51 sec(s) ago)
(RTTNews) - Hong Kong's retail sales growth moderated in January to the lowest level in five m ...Full Story»

U.S. Private Sector Employment Climbs More Than Expected In February (02 hr(s), 52 min(s), 51 sec(s) ago)
(RTTNews) - A report released by payroll processor ADP on Wednesday showed private sector employme ...Full Story»

Irish Jobless Rate Remains Stable At 4.6% (02 hr(s), 57 min(s), 51 sec(s) ago)
(RTTNews) - Ireland's unemployment rate held steady for the third straight month in February, ...Full Story»

Italy Q4 GDP Growth Confirmed At 0.3%; Jobless Rate Hits Record Low (03 hr(s), 42 min(s), 51 sec(s) ago)
(RTTNews) - Italy's economy expanded for the second straight quarter as initially estimated ...Full Story»