Halifax House Price Index December 2025

Key Takeaways

House prices fell by 0.6% in December, following a smaller 0.1% decline in November, indicating a renewed softening at the end of the year.
Annual house price growth slowed to 0.3%, down from 0.6% last month, marking the weakest rate of growth since early 2024 as price pressures eased through the second half of the year.
The average UK house price fell to £297,755, down £1,789 on the month and the lowest level since June, due to the cumulative impact of recent monthly declines.
Northern Ireland remained the strongest-performing nation or region, with prices rising 7.5% year-on-year, taking the average property price to £221,062.
Regional divergence persisted, with London prices falling 1.3% over the year to £539,086, emphasising the capital’s position as the weakest-performing major market despite remaining the most expensive.
Looking ahead, Halifax expects price growth of between 1-3% in 2026, as easing mortgage rates and improving affordability offset headwinds from slowing wage growth and a flatter labour market.