Amanda Bryden, head of Halifax's mortgage department, stressed that it was "one of the most stable years for house prices in the UK over the past decade."
The average property price reached a new high of 299,892 pounds, which is 2,221 pounds more than a year ago.
Over the past year, Northern Ireland has recorded the highest annual property price inflation rate of any region in the UK, +8.9%, while the most significant decrease was observed in Greater London by 1.0%.
The average house price in the UK has increased by 4.7% over the past three years, from 2022 to 2025, amounting to 13,565 pounds. For comparison, over the previous three-year period, from 2019 to 2022, it increased by 21.7%, which is 50,974 pounds.
In 2025 real estate prices decreased four times and increased seven times.
Market activity was affected by changes in stamp duty, but overall it remained close to the pre-pandemic level.
Bryden says: "The most discussed event was the change in stamp duty thresholds in the spring, which led to an influx of buyers trying to meet the deadline." "March became one of the most active months in terms of the number of completed transactions, but this surge did not lead to a significant increase in prices, and the level of activity soon returned to normal."
Despite the ongoing problems with housing affordability, lower mortgage rates and steady wage growth are supporting buyer confidence.
It is expected that in 2026 real estate prices will increase slightly by 1-3%.However, the uncertainty in the bank's forecasts remains high, given the overall economic situation.
Source: Mortgage Srtategy
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