UK house prices remained virtually unchanged in June, according to Halifax’s latest figures, pointing to a stabilising market underpinned by rising wages and steady interest rates. While annual growth has slowed in some regions, others – particularly in the North and devolved nations – continue to post above-average gains. The data reflects both increased buyer caution and a marked regional divergence in supply and demand, with southern England showing clearer signs of a buyer’s market.
- Halifax reports average house prices flat in June at £296,665.
- Annual growth stands at 2.5%, despite a monthly dip in May.
- Northern Ireland records strongest regional growth at 9.6%.
- London and South West post the slowest annual gains under 1%.
- Oversupply in southern England is softening pricing power.
- Halifax anticipates modest price growth in H2 due to lower mortgage rates.
Original article source: This is Money
This latest data confirms what many in the market have been sensing – UK house prices are no longer falling at pace, but nor are they in a rush to rise. Stability has returned, even if growth remains uneven.
For investors and prospective buyers, this is quietly good news. While headlines may focus on flat pricing, the underlying shift is one of regained balance – especially in southern markets that had overheated in previous cycles. The South West, in particular, is now behaving like a classic buyer’s market – oversupplied, negotiable, and driven by seller motivation rather than scarcity.
Regions such as Northern Ireland and the North West continue to post strong year-on-year growth, supported by relative affordability and more resilient local demand. These areas may warrant renewed attention from landlords and portfolio investors looking for long-term capital appreciation alongside rental stability.
Meanwhile, the national picture reflects a market that is no longer in reactive mode. Wage growth and steady interest rates are helping rebuild buyer confidence, albeit slowly. Lenders’ recent shift towards more flexible affordability checks is also creating fresh momentum – particularly among first-time buyers who had been squeezed out during rate peaks.
Looking ahead, price growth is likely to be modest and localised. Sellers may need to adjust expectations, but for buyers, especially those operating without urgency, this period offers meaningful opportunity. The market is calmer, more predictable, and – for the first time in several years – rewarding patience and preparation.
