Financial News: UK Halifax House Prices Remain Flat In November

UK Halifax House Prices Remain Flat In November

12/05/2025 - 04:31:00 (RTTNews)

(RTTNews) - UK house prices stagnated in November ahead of the Autumn budget announcement, data from the mortgage lender Halifax revealed Friday.

House prices registered a nil growth in November after a 0.5 percent rise in October. Prices were forecast to climb 0.2 percent.

Nonetheless, average property prices hit another new record high of GBP 299,892.

Annual growth in house prices eased to 0.7 percent in November, the weakest since March 2024, from 1.9 percent in October.

The slowdown reflects the base effect of much stronger price growth this time last year, said Halifax head of mortgages Amanda Bryden.

"This consistency in average prices reflects what has been one of the most stable years for the housing market over the last decade," said Bryden.

Even with the changes to Stamp Duty back in spring and some uncertainty ahead of the Autumn Budget, property values have remained steady, she added.

Although slower growth may disappoint some existing homeowners, it is welcome news for first-time buyers, Bryden noted. Moreover, affordability is at its strongest since late 2015. Mortgage costs as a share of income are at their lowest level in around three years.

"Looking ahead, with market activity steady and expectations of further interest rate reductions to come, we anticipate property prices will continue to grow gradually into 2026," she said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Italy Retail Sales Recover 0.5% (35 min(s), 26 sec(s) ago)
(RTTNews) - Italy's retail sales increased for the first time in three months in October, the ...Full Story»

UK Halifax House Prices Remain Flat In November (43 min(s), 26 sec(s) ago)
(RTTNews) - UK house prices stagnated in November ahead of the Autumn budget announcement, data fr ...Full Story»

Taiwan Inflation Eases To 1.23%, Lowest Since March 2021 (01 hr(s), 09 min(s), 26 sec(s) ago)
(RTTNews) - Taiwan's consumer price inflation moderated in November to the lowest level in mor ...Full Story»

Romania Q3 GDP Growth Accelerates As Estimated (01 hr(s), 29 min(s), 26 sec(s) ago)
(RTTNews) - Romania's economy expanded at the quickest pace in one year as initially estimat ...Full Story»

German Factory Orders Rise More Than Forecast (02 hr(s), 06 min(s), 26 sec(s) ago)
(RTTNews) - Germany's factory orders grew more than expected in October on robust domestic dem ...Full Story»

Singapore Retail Sales Growth Improves To 4.5% (02 hr(s), 31 min(s), 26 sec(s) ago)
(RTTNews) - Singapore's retail sales growth rebounded strongly in October, preliminary data fr ...Full Story»

Estonia Inflation Rises To 4.9% In November (03 hr(s), 14 min(s), 26 sec(s) ago)
(RTTNews) - Estonia's consumer price inflation increased for the first time in three months in ...Full Story»

Japan Leading Index Rises To 17-month High (03 hr(s), 47 min(s), 26 sec(s) ago)
(RTTNews) - Japan's leading index improved further in October to the highest level in nearly o ...Full Story»