Halifax House Price Index May 2024

Key Takeaways

Average house prices in the UK remained stable in May, down just -0.1% on a monthly basis.
The annual rate of house price growth increased to +1.5% in May, up from +1.1% in April.
The typical UK home now costs £288,688, compared to £288,862 in April.
The North West (3.8%) experienced the strongest price growth of any UK nation or region while Eastern England (-0.8%) recorded the largest decline.
London continues to have the highest average house price at £536,821, up marginally by +0.2% compared to last year.