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Buying a home sweet home will cost you more as prices go up
Sunderland Echo
|August 14, 2025
The average house price in the UK has jumped by 0.4 per cent or more than £1,000 in cash terms last month, according to the Halifax. The average property value in July was £298,237, up from £297,157 in June
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The average house price in the UK has jumped by 0.4 per cent or more than £1,000 in cash terms last month, according to the Halifax.
Across the country, the average property value in July was £298,237, up from £297,157 in June.
Amanda Bryden, head of mortgages at Halifax, said: “UK house prices rose in July, up by 0.4 per cent (£1,080 in cash terms), the biggest monthly increase since the start of this year.
“The average house price is now £298,237, 2.4 per cent higher than a year ago.
“While the national average remains close to a record high, it’s worth remembering that prices vary widely across the country depending on a number of factors, not least location and property type.
“Challenges remain for those looking to move up or on to the property ladder.
This story is from the August 14, 2025 edition of Sunderland Echo.
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