Halifax Rental Market Overview
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Investing in rental property in Halifax offers a dual advantage—generating a consistent rental income while benefiting from house price appreciation over time. After talking to various investors we can conclude that for many investors investing is more than just an extra monthly payment.
It is a strategic long-term approach to many aspects. This is helpful in building equity plus diversifying portfolios, and securing financial stability. The Halifax rental market continues to align with broader UK trends. This shows a steady house price growth.
Halifax’s strong rental demand is driven by a growing population and a thriving job market. That too a vibrant student community accelerates the process. Competitive rental yields and affordable property prices make it an attractive choice for investors to seek long-term gains.
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Current Halifax Rental Market Trends 2024-25
As of early 2025, Halifax’s property market continues to exhibit resilience and growth, making it an attractive option for investors. Known for its strong financial and manufacturing sectors, Halifax is projected to see property prices rise by 16% over the next five years, with rental yields averaging around 6%.
Here’s an updated overview
Rental Yields and Property Prices
The average rental yield in Halifax varies by area. In the town centre (HX1), yields are approximately 6.32%, with average property prices around £122,962.
In contrast, areas like Skircoat Green offer yields of about 3%, with average property prices at £299,325. These figures suggest that while some regions offer higher yields, they may come with higher property prices.
House Price Growth
In 2024, UK property prices experienced an annual growth of 4.8%, reaching a record high of £298,083. This growth was driven by factors such as lower mortgage rates and strong wage growth. Looking ahead, modest house price growth of up to 3% is anticipated for 2025.
As Amanda Bryden, Head of Mortgages at Halifax, points out, in 2024, UK property prices rose by 4.8%, reaching a record high of £298,083. This increase was largely driven by lower mortgage rates and strong wage growth, which boosted buyer demand. Looking ahead to 2025, experts forecast modest house price growth of up to 3%.
The UK housing market started 2025 on a positive note, with average property prices rising by 0.7% in January, recovering from a 0.2% decline in December. This pushed the average price to a new record of £299,138.
Affordability remains a challenge, yet mortgage demand stays strong, driven by first-time buyers rushing before the March stamp duty hike. Despite uncertainties, rate cuts and rising earnings may ease financial pressure, supporting market stability. The Bank of England has already made its first base rate cut of the year, with further reductions likely, which could make borrowing more affordable.
Mortgage rates in 2025 are expected to stay between 4%-5%, with buyers adjusting to higher rates. Over the past year, buyers have begun adjusting to these higher rates, as a return to the historically low 1% rates is seen as unlikely. Limited housing supply, coupled with improving affordability, may drive modest price growth.
Affordability and Investment Potential
Despite recent price increases, Halifax remains relatively affordable compared to nearby hotspots like Leeds or Manchester. The town offers a compelling blend of affordability and growth potential, making it appealing to investors.
The demand for rental properties is bolstered by major employers such as the Halifax Bank and Calderdale Royal Hospital, which sustain a vibrant job market. Additionally, Halifax train station provides convenient access to larger cities, attracting young professionals seeking a balance between work and city life.
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Why Choose Halifax for Property Investment in 2025
Halifax’s Expanding Business Scene
Halifax has a thriving market, driven by a diverse economy and a strong foundation of industries. The town is a hub for finance, insurance, and real estate, with over 1,000 companies operating in these sectors. It plays a crucial role in shared services, particularly in technology and middle-office operations, supported by extensive accounting and legal networks.
These industries not only create jobs but also contribute to growth in the Halifax rental market, attracting professionals looking for housing. Additionally, Halifax has a well-developed advanced manufacturing sector, further strengthening its economic stability.
The Northgate development has added a fresh dynamic to the town centre, offering:
- Education facilities to support long-term skill development
- Modern office spaces that attract businesses and entrepreneurs
- Contemporary retail zones that boost the local economy
With these improvements, demand for different property types is rising, and investors are actively looking at opportunities in Halifax. As a result, house prices and rent in Halifax are seeing positive trends, making the town a promising location for those considering long-term property ventures.
Halifax’s economy has evolved from its industrial roots into a diverse hub encompassing financial services, technology, and public services.
Major employers such as the Halifax Bank and Calderdale Royal Hospital continue to provide substantial employment opportunities, attracting professionals seeking quality rental accommodations.
In the year ending December 2023, Calderdale, the metropolitan borough encompassing Halifax, reported an employment rate of 77.1% among residents aged 16 to 64, surpassing the regional average of 74.2% for Yorkshire and The Humber. This reflects a notable increase from the previous year’s local employment rate of 72.8%. This influx contributes to the sustained demand in the rental market.
Employment
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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Regeneration and Future Growth
Collaborative efforts between the Halifax Development Board and Calderdale Council have initiated several regeneration projects aimed at enhancing local infrastructure.
One of the standout projects is the £19 million redevelopment of Piece Hall, which has turned a historic Georgian site into a lively cultural and business hub. Another key development is the Calderdale Council Towns Fund Project, which has secured £18 million from the Future High Streets Fund. This initiative focuses on improving town areas in Halifax and Elland, increasing local property values.
The Halifax Train Station Gateway Project, part of the A629 Phase 2 scheme, aims to enhance connectivity, making commuting easier for people living in and around the area. Additionally, the Beech Hill Regeneration Scheme is adding essential affordable housing, supported by £2.197 million from the Leeds City Region Enterprise Partnership. This is expected to make houses more accessible while still contributing to overall market growth.
Halifax is well-connected, ensuring smooth access to key locations across Yorkshire and beyond. The town is just a short drive from the M62, linking it directly to major cities like Leeds and Manchester. This prime location makes Halifax an attractive option for professionals who need easy commutes while enjoying a more affordable living environment.
Halifax train station further enhances connectivity, offering fast and reliable transport links to the North West and other key areas. For people who work in major employment hubs or simply want easy access to leisure destinations, the town provides the perfect balance.
With excellent transport links and a strong business presence, property values in Halifax are expected to continue rising. The average property price in the market showed steady increases last year, and with increased demand, now could be the right time for investors to check potential opportunities.
Whether looking for houses to buy, rent, or invest in, Halifax offers the right mix of affordability, calculated growth, and long-term potential in the property sector.
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Best Areas to Invest In Halifax
Halifax offers a diverse range of investment opportunities, with certain areas standing out for their high rental yields, affordability, and strong demand. Whether you’re looking for high-growth city centre properties or stable suburban investments, these top 10 areas provide some of the best returns for investors in 2025.
| Location | Rental Yield |
|---|---|
| Halifax Town Centre | 6.32% |
| Sowerby Bridge | 7.5% |
| Southowram | 3.5% |
| Rishworth | 4.5% |
| Savile Park | 5% |
| Skircoat Green | 3.5% |
| Northowram | 4.5% |
| Hipperholme | 3.5% |
| Ripponden | 3% |
| Illingworth | 4.2% |
Conclusion
The Halifax rental market continues to showcase growth and investment potential, making it an attractive location for investors in 2025. With house prices showing steady increases last year and rent in Halifax benefiting from increased demand, the town remains an affordable alternative to larger Yorkshire cities like Leeds and Manchester.
The average property price varies across different areas, with high-yield locations such as Halifax Town Centre (6.32%) and Sowerby Bridge (7%-8%) offering compelling investment opportunities. Demand is driven by major employers, regeneration projects, and strong transport connectivity, ensuring long-term market stability.
With property types ranging from city apartments to suburban houses, Halifax provides options for both buyers and renters. Investing in the Halifax rental market requires insight into key trends. A low apartment vacancy rate signals strong demand, while a high rate may suggest market shifts.
A strategic tour—both physical and analytical—helps assess market rents and investment potential. The latest rental market report highlights average rent growth, reinforcing Halifax’s appeal. Well-chosen homes here can secure steady returns and long-term capital appreciation.
As expected, further growth is anticipated due to ongoing infrastructure improvements, a thriving business scene, and increasing employment opportunities. For those looking to check investment prospects, now could be the right time to enter this evolving market and benefit from its calculated expansion.
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Frequently Asked Questions
Yes, Halifax offers strong investment potential with affordable property prices, rising house prices, and rental yields averaging 6% in key areas. The town’s growth is supported by economic stability, regeneration projects, and strong demand for rental properties.
Some of the best-performing areas for rent include Sowerby Bridge (7%-8%), Halifax Town Centre (6.32%), and Savile Park (5%), offering high rental returns compared to other locations in Yorkshire.
House prices in Halifax have shown steady growth, with last year’s UK property prices increasing by 4.8%. This trend is expected to continue, with calculated growth of up to 3% in 2025.
Major employers like Halifax Bank and Calderdale Royal Hospital attract people to the area, while improved transport links, the Northgate development, and ongoing regeneration projects increase the demand for housing.
With increased demand, rising house prices, and continued market growth, now could be the right time for investors to explore long-term opportunities in Halifax before prices rise further.
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