Recent house price data suggests the UK market is holding steady, with modest movement and a cautious tone creeping in among sellers and buyers alike.
Halifax House Price Index
Halifax reported that house prices rose by +0.3% in August, lifting the average UK house price to £299,331 – a new record high. Annual growth eased slightly to +2.2%.
Amanda Bryden, Head of Mortgages at Halifax, said:
“UK house prices rose again in August, up by +0.3% (£932). The average property price now stands at £299,331 – a new record high – although annual growth has eased slightly to +2.2%. Affordability remains a challenge, but there are signs of improvement with wage growth and falling inflation supporting buyer confidence.”
Nationwide House Price Index
Nationwide’s data showed a slight monthly fall of –0.1% in August, with annual growth at +2.1%.
Robert Gardner, Nationwide’s Chief Economist, noted:
“Annual house price growth slowed to 2.1% in August, from 2.4% in July. Affordability pressures remain a key constraint, but strong wage growth and lower mortgage rates are helping to support the market.”
Read the full Nationwide report
Rightmove Asking Price Index
Rightmove reported that the average new asking price increased by +0.4% in August to £370,257. However, prices remain 0.1% lower than a year ago, reflecting more competitive pricing among sellers.
Tim Bannister, Rightmove’s Director of Property Science, said:
“We’ve seen more sellers ‘reading the room’ and coming to market with realistic pricing. While asking prices have nudged up this month, the record number of homes available for sale means buyers have more choice – and that puts pressure on sellers to be competitive if they want to attract attention.”
Read the full Rightmove report
Hometrack / Zoopla House Price Index
The latest Hometrack (Zoopla) report showed annual UK house price inflation at +1.3%, with buyer demand up 4% year-on-year and sales agreed up 5% compared to last year.
Richard Donnell, Executive Director at Zoopla, commented:
“The increase in homes for sale suggests growing confidence among sellers. However, this rise in supply is acting as a natural brake on house price inflation. Buyers remain active, but are also price-sensitive, meaning sellers need to remain realistic if they want to move.”
Read the full Hometrack report
Our Thoughts
The latest data points to a housing market that is calm but selective. Halifax’s record average price and Zoopla’s healthy demand figures show resilience, while Nationwide’s slight monthly dip and Rightmove’s cautious seller sentiment remind us that affordability is still a barrier.
We’re seeing a market where realistic pricing is key. Buyers are there and demand is holding, but only well-priced properties are moving quickly. Sellers who set competitive asking prices stand the best chance of securing serious offers.
As we move into the autumn, we expect more of the same: modest gains, selective demand, and careful pricing shaping the market.
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Information correct at time of writing – September 2025.
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