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House prices rise at fastest rate since January
The Guardian
|November 08, 2025
UK house prices have increased at their fastest pace since January, a leading property index shows, with demand improving despite market uncertainty over likely tax changes in this month's budget.
Prices rose by 0.6% month-on-month in October, pushing the average cost of a home to £299,862, according to Halifax.
It marked a reversal from an unexpected 0.3% drop in prices recorded in September and was stronger than the 0.1% monthly increase forecast in a Reuters poll of economists. On an annual basis, house prices also rose 1.9%, with that figure also shooting past forecasts for a 1.5% rise.
"Demand from buyers has held up well coming into autumn, despite a degree of uncertainty in the market, with the number of new mortgages being approved recently hitting its highest level so far this year," said Amanda Bryden, the head of mortgages at Halifax, which is part of the wider Lloyds Banking Group.
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