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UK House Prices Surge as Mortgage Approvals Hit High

11/12/2025

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Summary

Story summary

The Halifax House Price Index for October shows house prices rising 0.6%, the fastest since January.
Mortgage approvals are at their highest level this year.
The average property price is £299,862, up 1.9% year over year.
The UK government aims to deliver 1.5 million new homes, with legislation nearing.
Tax changes and stamp duty discussions may create hesitation among buyers and sellers.

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Story summary

The Halifax House Price Index for October shows house prices rising 0.6%, the fastest since January.
Mortgage approvals are at their highest level this year.
The average property price is £299,862, up 1.9% year over year.
The UK government aims to deliver 1.5 million new homes, with legislation nearing.
Tax changes and stamp duty discussions may create hesitation among buyers and sellers.