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

U.S. Consumer Sentiment Improves More Than Previously Estimated In January (02 hr(s), 56 min(s), 26 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

UK Private Sector Strengthens On Services Activity Upturn (05 hr(s), 21 min(s), 26 sec(s) ago)
(RTTNews) - The UK private sector grew the most since early 2024 in January, signalling continued ...Full Story»

Slovenian Consumer Confidence Strongest Since Early 2022 (05 hr(s), 27 min(s), 26 sec(s) ago)
(RTTNews) - Slovenian consumers remained less negative in January, and the confidence level rose t ...Full Story»

Iceland Producer Price Inflation Rises To 9-month High (05 hr(s), 45 min(s), 26 sec(s) ago)
(RTTNews) - Iceland's industrial producer price inflation accelerated further in December to t ...Full Story»

Eurozone Private Sector Logs Steady Growth (06 hr(s), 30 min(s), 26 sec(s) ago)
(RTTNews) - The euro area private sector logged a steady growth in January as manufacturing output ...Full Story»

French Manufacturing Confidence Strongest Since July 2022 (07 hr(s), 11 min(s), 26 sec(s) ago)
(RTTNews) - The confidence among French manufacturers strengthened further in January to the highe ...Full Story»

Taiwan Industrial Output Growth Accelerates; Retail Sales Rise Further (07 hr(s), 50 min(s), 26 sec(s) ago)
(RTTNews) - Taiwan's industrial production growth accelerated in December to the highest level ...Full Story»

German Private Sector Growth Accelerates (08 hr(s), 16 min(s), 26 sec(s) ago)
(RTTNews) - Germany's private sector grew at a faster pace in January, driven by higher output ...Full Story»