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House Price Forecast, Halifax: What Experts Are Predicting in 2025?

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Average Property Prices

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UK Housing Market Trends

Halifax’s property market reflects the broader dynamics of the UK housing market. It showcases steady house price growth over recent years. By December 2024 the average UK house price reached £297,166. These stats represent a 3.3% annual increase.

Looking at a regional level. Northern Ireland led the charge with a robust 7.4% annual growth while London remained the priciest market. That too with average property prices of £547,614. Halifax is known for its housing affordability. It continues to attract attention from investors seeking value in a competitive market.

Looking ahead to 2025 modest house price growth is anticipated. That too with projections of up to 3%-4%. These trends are closely tied to variables like mortgage affordability and employment stability. All these elements underscore the importance of staying informed in this evolving market.

Get a deeper insight on house price index of Halifax from December 2018 – December 2023, check out our article “Off Plan Halifax.”

Property type	Average House Prices	Average Monthly Rent	Rental Yield
Flats and Maisonettes	£141,000	£764	6.5% +
Semi-Detached Properties	£214,000	£713 - £892	4-5%
Terraced Properties	£153,000	£701 - £829	5.5% - 6.5%
Detached Properties	£407,000	£1,017 - £1,356	3-4%

Annual Growth in Property Prices

Halifax house prices in West Yorkshire present strong investment potential, with an average price of £196,000 (Dec 2023 – Nov 2024 data). The area offers a diverse range of properties, from spacious semi-detached homes with features like double bedrooms and garages to low-maintenance flats averaging £141,000. These options cater to both tenants seeking convenience and investors looking for budget-friendly entry points. With its strategic location and growing demand, Halifax remains an attractive market for property buyers aiming to maximize value and secure long-term returns.

Note: This data is based on December 2023 – November 2024 reports.

Annual Change in Rents Across Halifax

Halifax boasts robust rental yields, often exceeding 6%. With steady house price growth of 4.8% annually since 2020, properties remain affordable while offering great investment potential.

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Top Locations for Property Investment in Halifax (UK)

Average Property Price: £184,867

Average Rental Yield: 6.32%

Population: Approximately 88,109

Halifax Town Centre (HX1)

Halifax Town Centre stands as a prime destination for property investors seeking consistent returns. This bustling hub offers a vibrant property market bolstered by its excellent connectivity to key locations within Halifax and beyond.

The town centre’s diverse amenities plus historical landmarks and a thriving commercial sector. These factors make it an attractive prospect for both tenants and investors. With steady demand and a well established infrastructure properties in HX1 promise higher rental income and long term appreciation.

Sowerby Bridge (HX2)

Sowerby Bridge serves a unique blend of historical charm and modern conveniences. It is a sought after location for property investments. The location is renowned for its converted mill buildings and contemporary flats.

It appeals particularly the young professionals. The relaxed atmosphere and abundance of local amenities create an ideal living environment. Its proximity to Halifax’s economic centre ensures convenience for commuters.

Average Property Price: £198,315

Average Rental Yield: 7% to 8%

Population: Approximately 11,955

Other top areas to invest in Halifax

Location	Average Property Price	Average Rental Yield	Population
Southowram (HX3)	£200,982	3%-5%	4,600
Savile Park (HX13EW)	£217,659	5%	3,527
Skircoat Green (HX30SA)	£248,751	3%-4%	12,712
Northowram (HX37AH)	£243,339	4%-5%	1,519
Hipperholme (HX38DE)	£274,135	3%-5%	11,650

To get deeper insights into which areas serve the best rental yield in Halifax go ahead and check our article on Best Places to Invest In Halifax.

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Angel Gardens

Angel Gardens is located in an up-and-coming district of Liverpool. It is in close proximity to two major regeneration projects: the £150 million Project Jennifer and the £5.1 billion Liverpool Waters scheme.

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Population Growth and Housing Demand in Halifax

The growing population in Halifax drives up property prices and rental demand. Investors and homebuyers should analyze housing supply, interest rates, and economic trends for profitable opportunities in this dynamic market.

Short-Term vs. Long-Term House Price Forecast in Halifax

Halifax’s property market is expected to experience modest fluctuations over the next 12–18 months. UK house prices fell by 0.2% in December 2024, marking the first decline in nine months. Annual growth remains steady at 3.3%, though rising mortgage rates and cost-of-living pressures are cooling buyer demand and slowing the market.

Despite this slowdown, it may be an opportune time for investment in Halifax’s real estate. Historically, housing markets have shown resilience and recovery after periods of rising prices and interest rates. Long-term trends suggest that property values typically appreciate, offering potential for future gains.

What to Expect in the Next 12-18 Months (Short-Term Fluctuations)

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Halifax Real Estate: A Strategic Investment

The Halifax property market, stabilizing after recent turbulence, offers investors a rare opportunity. With easing inflation and mortgage rates, it’s a promising time to capitalize on long-term growth potential.

Long Term Growth Projections Over the Next 5-10 Years

Looking further ahead the outlook for Halifax’s housing market appears cautiously optimistic. Analysts predict that UK house prices could grow by up to 3% in 2025. It is supported by increasing demand for available properties and supply of new home construction.

Over the next decade factors such as economic growth, infrastructure developments, and improvements in income levels are expected to contribute to steady annual growth in property values.

The Impact of Interest Rates, Inflation, and Policies on House Prices in Halifax

Interest rates, inflation, and government policies significantly influence Halifax’s property market. Higher mortgage rates have reduced affordability, slowing price growth, while inflation affects buyer confidence. Housing supply and taxation policies, such as stamp duty changes, also shape market dynamics.

Despite short-term challenges, Halifax’s property market holds positive long-term prospects. Sustainable growth depends on favorable economic conditions and supportive policy decisions, offering potential opportunities for investors and buyers alike.

Property Market Insights Conclude

The Halifax property market shows modest growth amid fluctuations driven by interest rates and cost-of-living pressures. Improving economic and income growth may boost buyer confidence, strengthening the market. Staying informed is essential.

Amanda Bryden, Head of Mortgages, emphasizes how borrowing costs and the bank rate impact house purchases, particularly in regions like the South East. Kim Kinnaird notes that while property price growth has moderated since June 2022, the UK property market remains resilient. For investors, Halifax presents opportunities with steady demand and a promising outlook over the next year and two years, making it a strategic choice for long-term gains.

Nationwide, wage growth, consumer confidence, and employment conditions drive transaction volumes and mortgage applications, particularly among first-time buyers. In the North West, house prices reached their highest level on an annual basis, supported by base rate adjustments and Bank of England changes in basis points.