The March 2025 Halifax House Price Index was released earlier today – how does the industry look as we enter new stamp duty rates?
The Halifax House Price Index (HPI) for March 2025 was published today – we’ve put together an overview of what it covers.
The latest data shows that UK house prices have decreased by -0.5% in March, dipping again from February’s decrease. The average house price now sits at £296,699.
According to the index, year-on-year prices are +2.8%, just below February’s +2.9%. Scotland saw more annual growth, rising again to +4.3% compared to +3.8%% in February, with an average house price of £213,750. Northern Ireland continues to record the strongest property price growth of any nation or region in the UK, with a +6.6% on an annual basis in March 2025, and an average cost of £206,620.
Amanda Bryden, Head of Mortgages, Halifax noted that “House prices rose in January as buyers rushed to beat the March stamp duty deadline. However, with those deals now completing, demand is returning to normal and new applications slowing. Our customers completed more house sales in March than in January and February combined, including the busiest single day on record. Following this burst of activity, house prices, which remain near record highs, unsurprisingly fell back last month.”
The next Halifax House Price Index is scheduled for release on Thursday 8th May 2025.
