Halifax figures show property market resilience

The latest Halifax House Price Index for April 2025 shows the monthly rate of house price growth rebounded in April, increasing by +0.3% versus the -0.5% decline seen in March.

House prices were also up 3.2% on an annual basis versus an annual rate of 2.9% seen in March.

This annual rate of growth is the highest seen so far this year.

The new average house price now sits at £297,781.

Chief Sales Office for Foxtons, Jean Jameson, said,“The UK property market has stood firm so far this year, with property values up on both a monthly and annual basis in April, reversing the downward monthly trend observed in previous months.

We’ve also seen an uplift in market activity on all fronts with respect to buyer enquiries, more sellers entering the market and more deals being negotiated.

With another base rate reduction expected later today, the outlook for the year ahead is very positive. We’ve already seen many lenders reintroducing sub four percent mortgage products and, as greater mortgage affordability continues to fuel buyer market activity, the expectation is that house prices will climb further over the course of the year.”

CEO of Yopa, Verona Frankish, said, “We saw the market momentarily pause for breath ahead of the recent stamp duty deadline which caused the monthly rate of house price growth to slow.

However, it’s clear that now this deadline has passed, the market has immediately bounced back, as buyers and sellers push forward with their plans to move in 2025.

This further boost to current market sentiment will only strengthen the performance of the property market and we expect that house prices will continue to climb over the remainder of the year.”

Director of Benham and Reeves, Marc von Grundherr, added, “The housing market continues to demonstrate its resilience and not only have we seen prices start to climb on a monthly basis, but the annual rate of growth has also accelerated to its fastest pace seen so far this year.

This has been driven by the return of the nation’s homebuyers who have grown in confidence as interest rates have reduced and, with a further cut expected today, this momentum is only likely to strengthen as the year progresses.”