In June 2025, UK house price growth continued to lose momentum, with the annual growth rate slowing to 2.1 percent, down from 3.5 percent in May. On a monthly basis, prices declined by 0.8 percent from a revised 0.4 percent rise, after seasonal adjustment, bringing the average house price to £271,619. This softening is linked to reduced buyer demand following the increase in stamp duty in April. Despite this, market fundamentals remain relatively positive, with low unemployment, rising real wages, and strong household finances expected to support a rebound in the coming months.

Regionally, Northern Ireland remained the strongest performer, albeit with a slower annual growth rate of 9.7 percent compared to 13.5 percent in the first quarter. Scotland and Wales followed with more modest annual increases of 4.5 percent and 2.6 percent respectively. In England, house price growth eased to 2.5 percent overall, with a narrowing gap between northern and southern regions. The North led English regions with a 5.5 percent rise, while East Anglia saw the weakest performance at just 1.1 percent. As economic uncertainty persists, the housing market appears to be entering a phase of cautious adjustment rather than a sharp correction, with regional resilience providing some buffer.

The Nationwide House Price Index (HPI) provides house price information derived from Nationwide lending data for properties at the post survey approval stage. Nationwide house prices are mix adjusted; that is, they track a representative house price over time rather than the simple average price.

Home values affect much in the economy especially the housing and consumer sectors. Periods of rising home values encourage new construction while periods of soft home prices can damp housing starts. Changes in home values play key roles in consumer spending and in consumer financial health. During the first half of this decade sharply rising home prices boosted how much home equity households held. In turn, this increased consumers' ability to spend, based on wealth effects and from being able to draw upon expanding home equity lines of credit.

Although the Nationwide data are calculated similar to the Halifax method Nationwide substantially updated their system in 1993 following the publication of the 1991 census data. These improvements mean that Nationwide's system is more robust to lower sample sizes because it better identifies and tracks representative house prices. Historically, the data go back to 1952 on a quarterly basis and 1991 on a monthly basis.

Over long periods the Halifax and Nationwide series of house prices tend to follow similar patterns. This stems from both Nationwide and Halifax using similar statistical techniques to produce their prices. Nationwide's average price differs because the representative property tracked is different in make up to that of Halifax.