According to the latest Halifax index, the price of Britain’s house reached a new record high of £ 299,331 in August, marking the third consecutive monthly growth.
In August, an increase of 0.3 percent was seen, which was 0.4 percent in July and 0.1 percent in June. However, the annual pace of development continued its recession, reached 2.2 percent in August, below 2.5 percent in July and 2.7 percent in June.
Amanda Breden’s Head Hostage But HalifaxSaid: “The average property price is now £ 299,331 – a new record high – although the annual growth is slightly reduced by 2.2%.
“The story of the Housing Market in 2025 has been one of the stability. Since January, prices have increased by £ 600, underlining how stable the market has remained despite the massive economic pressures.
“Although the prices have risen over the total, the average property price for buyers went in the opposite direction in summer, a trend that will be welcomed by those who are looking to go to the ladder.
“For the people capable of saving a deposit amount, the number piled up rapidly. Specific first for the first time buyer property is now a cost of 0.6% £ 237,577 since May.”
Seeing in Britain, Halifax Said Northern Ireland The annual house continues to lead the UK to increase the price of the house, up to 8.1% annually with average property values, although it is a slight recession from the 9.3% annual increase recorded last month.
Scotland In August, with an increase in prices of 4.9% annually, the next strongest annual growth was observed.
Across England, a “clear North/South Partition” remains, Halifax said.
North east, North West And Yorkshire And this Haber All recorded an annual growth above 4%.
In contrast, Southwest The last one year has seen an average decline in home prices, which has become the first UK nation or region to record an annual fall since East England in July 2024.
London Halifax stated that with prices of 0.8% annually, continues to look at the slight increase, but it is the most expensive part of the UK, with an average property price of £ 541,615, Halifax said.
Earlier this week, from a separate index, Nationwide building societyIndicated that the price of Britain’s house fell in August 0.1% in August.
The nationwide stated that the “speed in relatively control” of the house’s price increases may reflect the stretch capacity by long -term norms.
Tom Bill, Head of UK residential research Night frankSaid: “Stable mortgage rates have helped bring the housing market back to its feet after the April stamp duty cliff-edge, but the high level of supply has reduced the annual value increase.”
Karen Noy, a hostage expert at the wealth manager Quilter, said: “The figures point to a market, while the expectations continue to remove the expectations during the control.
,Bank of England The data published this week showed that the mortgage approval is slightly increasing, indicating that the demand is gradually recovering. It provides some green shoots of optimism, even ending in summer.
“Still strength remains the major obstacle. The mortgage rates, although below their peak, have proved to be sticky and even returned to recent weeks as the swap rates have increased.
“The first time buyers still face a difficult barrier, while many existing house owners are reluctant to get new borrowings, keeping the amount of transactions depressed.”
Ellis Hen, individual finance analyst of Bestinavest by Evelyn Partners, said: “The recent increase in long-term bond yields-the state of public finance and global economic and geopolitical concerns may have implications for the investor-run-manager on the situation of global economic and geopolitical concerns.
“The continuous increase in long-term lending costs leads to the risk of advancing mortgage rates-something that was only starting to fix the market.”
Sarah Coles, Head of Personal Finance Hargrevs LansdownSaid that “you may want to wait before opening the bubbly, because the future is far away from certainly”.
He said: “Now house prices are back to a record high level, increasing the strength risks.
“Employment market is weakening. New figures Bank of England Show businesses are cut into jobs at their fastest speed since 2001 and are not planning to hire in a hurry.
“The strength of the jobs market reduces the property market, so we can see that those foundations become sharp.
According to Halifax, the average house prices after annual changes are (regional annual changes figures are based on the most recent three -month approved host transactions data) ::
East Midlands£ 245,299, 1.6%
Eastern England, £ 334,860, 1.1%
London£ 541,615, 0.8%
North east£ 179,799, 4.7%
North West£ 243,776, 4.5%
Northern Ireland£ 217,082, 8.1%
Scotland£ 215,594, 4.9%
South east£ 387,509, 0.3%
Southwest£ 301,134, minus 0.8%
Wales£ 227,786, 1.6%
West Midlands£ 259,575, 1.8%
Yorkshire And this Haber£ 217,674, 4.1%
Jason TebB, president of ONTHEMARKET said: “Overall, the housing market is stable, although with the increased levels of new instructions, long -term transactions time and more competition for buyers, sellers should have realistic expectations if they want to move forward before the end of the year.”
Jonathan Handford, Managing Director of Estate Agent and Country, said: “The property market completed the summer well and after bringing a new wave after the movers with autumn, it is likely to be a busy period for agents.”