Annual house price growth remained at +2.9% during the month, unchanged from January

The cost of a typical first home is now £311,034, according to new figures with average deposits now in excess of £61,000.

The housing market has kicked off 2025 with prices increasing by +0.7% in January following dip of -0.2% in December.

House prices fell back slightly over the festive period following five months of steady growth.

House prices in the capital have climbed by 3.5% since last year and now stand at £545,439

Average house prices edged up further in October, marking the fourth consecutive monthly increase, according to the latest figures released by Halifax.

Year-on-year house prices are at the strongest rate since November 2022, according to Halifax data

Average UK house prices edged up further in August following a July rise of 0.9%, according to the latest data released by Halifax.

The price of a typical home in the UK edged up by +0.8% in July, following three months of little movement, according to the latest data from Halifax.

UK house prices have paused in the lead-up to next month's General Election, down just -0.1% on a monthly basis.