Halifax House Price Index for June 2024

The Halifax House Price Index for June 2024 can be seen here, and the key statistics are:

  • Average House Price: £288,455 (compared to £288,931 in May)
  • Monthly Change: -0.2%
  • Quarterly Change: -0.5%
  • Annual Change: +1.6%

Commentary from Amanda Bryden, Head of Mortgages, Halifax:

UK house prices stayed relatively flat for the third successive month in June, with the slight fall equivalent to less than £500 in cash terms. On an annual basis, house prices posted a seventh consecutive month of year-on-year growth, with the average UK property value now standing at £288,455.

This continued stability in house prices – rising by just +0.4% so far this year – reflects a market that remains subdued, though overall activity has been recovering. For now, it’s the shortage of available properties, rather than demand from buyers, that continues to underpin higher prices.

Regional Highlights:

  • Northern Ireland: Strongest property price growth in the UK, up +4.0% annually, with an average price of £192,457.
  • North West England: Highest rate of house price inflation in England, up +3.8%, with an average price of £231,351.
  • Scotland: House prices increased by +1.6%, average price £204,663.
  • Wales: House prices grew by +2.7%, average price £220,197.
  • Eastern England: The only region to see a decline, with house prices down -0.9%, average price £328,747.
  • London: Most expensive region, average price £536,306, up +0.9%.

Housing Activity:

  • Property Transactions: Increased in May 2024, with seasonally adjusted transactions up by +2.4% from April and +17.2% higher year-on-year.
  • Mortgage Approvals: Decreased slightly in May 2024 by -1.4%, but still +19.2% higher year-on-year.
  • RICS Residential Market Survey: Indicates a slowdown in sales and demand, with new buyer enquiries down and agreed sales also declining.


The data suggests a stable but subdued housing market, with prices largely flat in June. Despite the low growth, the annual increase indicates some resilience. Regional disparities highlight the varied impact across the UK, with Northern Ireland and the North West showing stronger growth compared to Eastern England.

Mortgage affordability remains a challenge, but the expectation is for gradual easing through lower interest rates, rising incomes, and controlled house price growth. The market’s delicate balance means it will be sensitive to changes in the Base Rate, but modest price rises are expected to continue into 2025



Twitter feed is not available at the moment.


Submit a Comment