Finance
UK House Prices Stagnated in June, Halifax Data Shows
Published by Global Banking & Finance Review®
Posted on July 7, 2025
1 min readLast updated: January 23, 2026
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Published by Global Banking & Finance Review®
Posted on July 7, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleUK house prices stagnated in June as per Halifax data, with a slight annual increase. Market resilience is noted despite tax changes.
(Reuters) -British house prices stagnated month-on-month during June, as economists polled by Reuters had expected, figures from Halifax showed on Monday.
The mortgage lender revised up May's reading to show a 0.3% drop rather than a 0.4% drop.
The data underlined the subdued state of Britain's housing market following an increase in tax on property transactions that took effect in April.
House prices on Halifax's measure are now down slightly compared with their level at the end of last year.
Amanda Bryden, Halifax's head of mortgages, said the housing market still showed resilience, helped by rising wages.
"With markets pricing in two more rate cuts from the Bank of England by year end, and the average rate on newly drawn mortgages now at its lowest since 2023, we continue to expect modest house price growth in the second half of the year," Bryden added.
Halifax said house prices were 2.5% higher on the year during June, down slightly from May's reading of 2.6%.
(Reporting by Andy Bruce; Editing by Kate Holton)
UK house prices stagnated month-on-month during June, as expected by economists.
Halifax revised May's reading to show a 0.3% drop instead of a 0.4% drop.
The subdued state of Britain's housing market is influenced by an increase in tax on property transactions that took effect in April.
House prices are now down slightly compared to their level at the end of last year, but they are 2.5% higher year-on-year during June.
Halifax expects modest house price growth, supported by rising wages and anticipated rate cuts from the Bank of England.
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