Larger homes drive house price growth – Halifax

The average cost of a house in Britain is more than £10,000 higher than last year, according to the latest house price index

Rows of terraced houses in the UK
(Image credit: Teamjackson via Getty Images)

House prices in the UK are up by an average of 3.7% to £294,818 since last year, driven by demand for larger houses, according to the latest Halifax House Price Index.

An average terraced house now costs £235,296 – £10,025 (4.5%) more than a year ago – while the price of semi-detached and detached houses have also grown by 3.8% and 4.1% in the last year respectively.

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Swipe to scroll horizontally
Row 0 - Cell 0

All

Flat

Terraced

Semi-detached

Detached

Average price January 2024

£284,388

£163,348

£225,271

£296,317

£453,044

Average price January 2025

£294,818

£168,569

£235,296

£307,685

£471,748

Percentage growth

3.7%

3.2%

4.5%

3.8%

4.1%

Price change

£10,431

£5,221

£10,025

£11,367

£18,704

Swipe to scroll horizontally

Region

Average price January 2024

Average price January 2025

£ change

% change

Scotland

£203,066

£207,909

£4,843

2.40%

Eastern England

£325,574

£334,232

£8,658

2.70%

Greater London

£526,571

£540,861

£14,290

2.70%

South East

£377,044

£387,984

£10,940

2.90%

East Midlands

£234,700

£242,581

£7,881

3.40%

Wales

£217,121

£224,875

£7,755

3.60%

United Kingdom Average

£284,388

£294,818

£10,431

3.70%

South West

£293,678

£305,170

£11,492

3.90%

West Midlands

£248,761

£258,617

£9,856

4.00%

North West

£227,529

£237,681

£10,152

4.50%

Yorkshire & Humberside

£204,084

£213,459

£9,376

4.60%

North East

£167,769

£176,464

£8,695

5.20%

Northern Ireland

£193,653

£205,035

£11,382

5.90%

Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.

Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.