The Halifax House Price Index in the UK rose 1.3% year-on-year in September 2025, easing from a 2% gain in August and below the expected 2.2% increase. This marked the weakest annual growth since April 2024, bringing the average property value to 298,184 GBP. On a monthly basis, prices fell 0.3%, missing expectations for a 0.2% rise, the same pace as August. Amanda Bryden, Head of Mortgages at Halifax, said the slight dip reflects a broadly stable market, with prices still up 0.3% since the start of the year. She noted that while affordability remains a challenge, lower mortgage rates and steady wage growth have supported buyer confidence. The typical first-time buyer home now costs 236,811 GBP, up 1.7% year-on-year. Regionally, Northern Ireland led growth with 6.5%, followed by Scotland (4.5%) and the North East (4.8%). The South West saw its second annual decline (-0.2%), while London and the South East posted modest gains of 0.6% and 0.2%, respectively.