Are UK house prices about to crash?

It is a mixed bag for the UK housing market – property prices have started to crawl upwards again, but cautiousness remains.

The average house price in the UK is now £298,184, according to the latest data from Halifax, falling by 0.3% in the year to September. It means overall house price growth has slowed, with prices rising by 1.3% – the slowest rate of annual price growth since April 2024.

But the outlook overall “remains mixed”, said MoneyWeek . Data suggests the market has “remained broadly stagnant” recently and with the Autumn Budget on the horizon, there could be more pain for homeowners.

What’s happened to house prices?

While many were hopeful that momentum in the property market would snowball, a “post-summer bounce in activity” has not materialised, said The Guardian .