Halifax is the region with the fastest yearly growth in home prices

Halifax claims that over the past six months, house prices have stayed "remarkably stable," declining by just48 percent

According to the most recent Halifax house price index, house prices increased marginally in April, with the largest annual price increases occurring in Scotland, Wales, and Northern Ireland.

In April, UK home prices increased by 0.3 percent, or less than 900, according to Halifax. This contrasts with a 0.5 percent decline in March.

Additionally, the annual growth rate increased 3 points to 3.2 percent, which was its highest level this year. Nowadays, the average property in the UK is worth 297,781.

According to Amanda Bryden, head of mortgages at Halifax, rising earnings growth that has outpaced inflation and declining mortgage ratesthe majority of lenders now offer sub-4 percenthave helped to sustain home prices and make homes more affordable for many buyers.

Despite a muted economic climate and risks from geopolitical developments, the market is resilient overall, she continues.

"As household bills rise, consumer price inflation is likely to increase, but we expect a similar trend of modest price growth this year with additional base rate cuts also anticipated.

Areas with the quickest increases in home prices.

The UK's strongest annual increases in home prices were seen in Northern Ireland, Wales, and Scotland; all three countries outperformed the English regions.

With an 8.1 percent increase in March, Northern Ireland continues to have the highest annual rate of property price inflation. The average price of a home is currently 208,220.

Wales's annual house price growth rate, which rose to 4 percent last month, is the second fastest. The average cost of a home in this area is currently £229,079.

Next up is Scotland, where average property prices in April increased 4 0.6 percent year over year to 214,011.

At an average price of 240,975, properties in the North West of England have experienced the greatest growth, rising 4 points per year.

London's yearly house price growth is still more muted at 1.3 percent. At an average price of 543,346 per property, the capital is still the most costly real estate market in the United Kingdom.

With an annual inflation rate of 0.9 percent, the South West has the slowest rate of property price inflation. The typical cost of a home is 304,451.

A mixed picture emerges from the sales activity of the housing market.

The most recent HMRC monthly property transaction data shows that home sales in the UK rose in March 2025.

In comparison to February's figure of 109,700, seasonally adjusted sales increased by 61.7% to 177,370.

Compared to the previous three months (October 2024December 2024), quarterly transactions (January 2025March 2025) were approximately 31.6 percent higher.

Seasonally adjusted transactions were up 104.3 percent from March 2024 to the same month the previous year.

However, a decline in sales market activity is indicated by the March 2025 results of the RICS Residential Market Survey.

With agreed sales at -16 percent, down from -13 percent, new buyer inquiries fell to a net balance reading of -32 percent, down from -16 percent.

Its lowest reading since July 2024 was a net balance of +6 percent (down from +11 percent) after new instructions.

Also declining are mortgage approvals. According to the most recent data from the Bank of England, there were 64,309 mortgages approved in March 2025, a 1 point 2 percent decrease from the previous year. The number was 4.5 percent higher than March 2024 on an annual basis.

The estate agency has, however, "seen an uplift in market activity on all fronts with respect to buyer enquiries, more sellers entering the market, and more deals being negotiated," according to Jean Jameson, chief sales officer for Foxtons.

He says the outlook for the upcoming year is "very positive" given the announcement of another base rate cut today.

The expectation is that house prices will continue to rise throughout the year, he continues, "because we've already seen many lenders reintroducing sub four percent mortgage products and because greater mortgage affordability continues to fuel buyer market activity."