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Halifax April HPI: "A cut from the Bank of England today could be the spark we’ve been waiting for"

ended 08. May 2025

House prices increased by +0.3% in April vs -0.5% in March, with the annual rate of growth at +3.2% up from +2.9% in March, according to the Halifax. Prices were down 0.1% on the quarter. Overall, house prices have remained remarkably stable over last six months, down by just £48, the lender said, adding Northern Ireland, Wales and Scotland have seen the strongest annual price growth. Newspage asked property market experts for their views, below.

7 responses from the Newspage community

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Daniel Hobbs
CEO at New Leaf Distribution
Resilience is a common term applied to the UK housing market and that's for a reason. Whatever headwinds the UK and global economy throw at it, it always appears to remain on its feet. With mortgage rates continuing to tumble, and a rate cut on the cards today, modest price growth in 2025 is perfect reasonable.
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Riz Malik
Independent Financial Adviser at R3 Wealth
With interest rates predicted to fall and lenders prepared to lend more, house prices seem to only be going in one direction in the moths ahead, and that's up. At present, it definitely looks like we'll see modest appreciation in house prices during 2025.
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Michelle Lawson
Director at Lawson Financial
As reflected in the quarterly growth figure, the market is stagnant and needs an injection of life. With lenders cutting rates and innovating all the time, that's now being delivered. A cut from the Bank of England today could be the spark we’ve been waiting for.
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Ranald Mitchell
Director at bad credit mortgage specialists Charwin Mortgages
House prices remain stable while mortgage rates continue to fall, giving buyers a brief but valuable window to stretch their budgets and afford more. With mortgage availability improving and confidence returning, it’s only a matter of time before asking prices start to climb again. This is shaping up to be a busy summer for the property market.
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Ben Perks
Managing Director at Orchard Financial Advisers
A cut today would pour petrol on an otherwise smouldering mortgage market. House prices have remained stable, which is reassuring and the UK property market has shown unbelievable resilience. But borrowers and brokers are in need of better rates and more buoyant conditions.
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Justin Moy
Managing Director at EHF Mortgages
Property prices will inevitably start to increase once the improved mortgage rates and increased affordability from lenders work their way through the reported figures. An expected cut in base rate today will just be the cherry on top, as we look towards a strong summer of activity.
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Harry Goodliffe
Director at HTG Mortgages
The property market’s proving harder to shake than many expected. House prices rose 0.3% in April and 3.2% annually, not bad for a market some had written off. With lenders cutting rates and launching new deals, confidence is creeping back. A base rate cut could be the final push buyers need to jump in.