Increase in housing prices in Great Britain in July 2025

• In July 2025, housing prices increased by 0.4%
• North Ireland demonstrates the highest annual price growth
• Lower interest rates improve housing accessibility

In July 2025, housing prices in Great Britain rose by 0.4%, surpassing 1,000 pounds sterling in monetary terms, according to Halifax data. The average property value reached 298,237 pounds sterling, which is the largest monthly increase of this year.

Lower interest rates and rising wage levels have boosted the real estate market. This occurred following the committee's decision from the Bank of England's monetary policy to reduce the base interest rate to 4%.

Amandi Briden, head of the estate in Halifax, noted that lower rates and increased affordability from banks contribute to the stability of the housing market. It is predicted that housing prices will continue to rise at moderate rates throughout the remainder of the year.

Among the regions, Northern Ireland showed the highest annual price increase at 9.3%, while in Scotland the increase was 4.7%, and in Wales - 2.7%. In England, the highest increase was observed in the North West and Yorkshire (both at 4%).

Despite positive trends, the market remains challenged by high living costs and rising income levels, which limit buyers' capabilities. First-time buyers may feel the impact of significant changes in rates or prices in the real estate market.

Tags: Europe/Economy