Welcome to the July 2025 Property Market Update! We've gathered insights from Halifax, Rightmove, Zoopla, Nationwide, and the latest mortgage data from Moneyfacts to provide you with a clear picture of the UK housing market's performance in June.

## House prices: Stability amidst moderation

According to Halifax, the average UK house price stood steady at £296,665 in June, showing no monthly change but maintaining annual growth at 2.5%. Halifax describes the market as steady, with prices resilient despite economic pressures.

Nationwide agrees, reporting slower annual growth at 2.1%, with a small month-on-month decline of 0.8%. Affordability challenges and economic caution are clearly moderating price growth, although there's still considerable resilience, especially in more affordable regions.

## Asking prices: Sellers getting realistic

June saw sellers adjusting expectations after spring highs. Rightmove noted a 0.3% monthly dip in asking prices to an average of £378,240, the first June drop in a decade. This reflects sellers adapting to a more price-sensitive market following increased competition and stamp duty changes in April. Higher-priced areas, particularly London and the South, saw the most significant asking-price reductions.

## Supply and demand: Buyers in control

Housing supply surged significantly, with Zoopla and Rightmove indicating up to 14% more homes available compared to last year. Estate agents have their highest stock levels in years, empowering buyers to be more selective.

Buyer demand remains resilient—Rightmove reports inquiries around 3% higher than a year ago, and Zoopla shows sales agreements up by around 6%. However, buyers are cautious and value-driven, negotiating discounts averaging about 3% off asking prices. Homes that are realistically priced continue to sell briskly.

## Mortgage rates: Some relief at last

Mortgage rates have continued easing gradually. Moneyfacts reports average fixed rates for both 2-year and 5-year mortgages around 5.08-5.09%—the lowest levels since late 2022. This easing, combined with slightly relaxed affordability criteria, is boosting buyer confidence and supporting market activity.

## Market summary: Finding balance

June revealed a property market adjusting to balanced conditions: stable but not surging prices, cautious yet resilient demand, increased supply, and gradually improving affordability. Sellers pricing realistically find success, and buyers now enjoy greater choice and negotiating power.

Looking ahead, the market appears set to remain balanced, with modest growth expected. Sellers must price sensibly, while buyers, enjoying slightly improved borrowing conditions and increased supply, should leverage their stronger position thoughtfully.

In short, June showcased a balanced, buyer-friendly market—good news for those looking to move without the extremes of recent years.

Market Update - July

Welcome to the July 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.

Property Market Update: July 2025 | GetAgent

Welcome to the July 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.


Property Market Update: July 2025

Welcome to the June edition of the **Property Market Update!** We’ve gathered insights from leading indices and industry voices to bring you a comprehensive overview of what’s shaping the UK housing market right now - from price movements and buyer behaviour to mortgage rates and stock levels.

## House prices: Stability over surge

According to **Halifax**, the **average UK house price now sits at £296,648**, slipping **0.4% in May** – a modest correction after April’s small increase. Annual growth slowed to **+2.5%**, still adding over £7,000 to the value of a typical home compared to last year.

This suggests a market treading water rather than racing ahead - one that’s balancing economic uncertainty, buyer caution, and an expanding pool of stock.

## Asking prices: Highs with hesitation

Rightmove shows seller confidence remains resilient, with **asking prices hitting a record £379,517** in May - up **0.6% (+£2,335)**. But this is the **smallest seasonal rise for May since 2016**, highlighting that competition is intensifying and price sensitivity is key.

“This month’s price increase being the lowest in May for nine years is a sign of a market that favours buyers.” – *Colleen Babcock, Rightmove*

## Supply is booming – But so is buyer caution

Both Rightmove and Zoopla report a surge in new listings, with stock levels up **14% and 13%** year-on-year respectively. The average estate agent now holds **35 unsold homes**, the highest figure in a decade.

With more choice, buyers are taking their time. **Zoopla reports average selling prices are £16,000 (3%) below asking**, while Rightmove warns overpricing will cause properties to get overlooked.

## Buyer behaviour: April dip, May recovery?

April saw a **4% dip in new buyer demand**, attributed in part to the Stamp Duty surcharge. But early signs from May show that interest is rebounding. Nationwide highlights that underlying conditions remain supportive — and lower mortgage rates are helping.

## Sales activity: Signs of strength

Despite April’s slowdown, sales volumes are recovering well.

* **+6%** year-on-year sales agreed in May, the highest in four years (Zoopla)
* **+5%** rise in sales agreed compared to last year (Rightmove)

That said, **Halifax’s data shows a steep 63.5% month-on-month drop in property transactions for April**, likely the result of a spike in March before Stamp Duty changes took effect.

## Conclusion

The housing market remains on a knife edge - stable, but with strong underlying pressures. A flood of supply is giving buyers more power, while muted but steady price movements show neither side has full control. For sellers, pricing realistically and working with a knowledgeable agent is key. For buyers, the coming months may offer both opportunity and leverage.

As always, we’ll be watching closely and keeping you informed with the latest.

June Market Update 2025

Welcome to the June 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.

Property Market Update: June 2025 | GetAgent

Welcome to the June 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.


Property Market Update: June 2025

Welcome to the May edition of the **Property Market Update**! We’ve gathered insights from leading indices and industry voices to bring you a comprehensive overview of what’s shaping the UK housing market right now — from price movements and buyer behaviour to mortgage rates and stock levels.

## House prices stable with regional highs

April brought a mixed bag for house price trends, but the overall picture remains one of resilience. The average UK house price now sits at **£297,781** according to Halifax, following a modest **+0.3%** monthly increase and a solid **annual growth rate of +3.2%** – the highest recorded so far this year. Nationwide reported a **-0.6%** monthly decline, bringing its **annual growth to 3.4%**, still firmly in positive territory.

Rightmove, meanwhile, recorded a **new national record for asking prices**, rising **1.4% to £377,182**. All Midlands and Northern regions hit fresh highs, with even **London reaching a new peak** – though that may prove short-lived given the capital’s sensitivity to global volatility.

## Stamp Duty changes shake but don’t break momentum

Despite the much-anticipated **Stamp Duty** increase in early April, market activity has held firm. While there was a predictable surge in completions during March, the expected post-deadline drop-off has so far been modest.

Encouragingly, the number of **agreed sales falling through remains steady**, and many buyers who missed the Stamp Duty deadline have continued with their purchases. In fact, the **queue of completions has eased by almost 24,000**, suggesting a degree of normalisation.

## Buyer demand softens – but only slightly

There are signs that buyer demand has cooled slightly from the elevated levels seen earlier this year. Zoopla notes that demand is now just **1% higher than this time last year**, down from **10% above** in the early months of 2025. Seasonal factors – including the Easter holidays – and wider economic uncertainty appear to be making some buyers more cautious.

That said, demand remains relatively strong by historical standards. Halifax points out that activity is still **robust compared to recent years**, with affordability improvements and rising stock levels helping to support interest.

## More homes on the market boosts choice

On the supply side, the market is in much better shape than a year ago. **The number of homes listed for sale is now 12% higher** year-on-year, while estate agents are reporting an average of **34 homes per branch**, up from 31 last spring.

This increase in stock is keeping **house price inflation in check** while also improving options for active buyers – a welcome change from the tight supply of previous years. Importantly, many sellers are also buyers, which helps to keep transaction volumes buoyant.

## Mortgage market shows glimmers of opportunity

The mortgage landscape saw a notable shift this month with the **Bank of England cutting the base rate to 4.25% on 8th May**, in response to easing inflation. This move follows growing expectations that further cuts may follow, particularly if inflation remains on its current downward trajectory.

At the same time, mortgage pricing is becoming more attractive. As of 8th May, the **average two-year fixed mortgage rate was 5.14%**, while the **five-year fixed rate stood at 5.08%**, according to Moneyfacts.

Lenders are also relaxing stress testing rules for new borrowers. This could **increase buyer affordability by 15–20%**, which is likely to support transaction volumes more than house price growth in the months ahead.

## Summary: a market finding its balance

While the property market is not without challenges — from global trade concerns to fluctuating confidence — the underlying conditions remain supportive. **Low unemployment, real wage growth, improving affordability and a growing number of listings** all suggest the market is in good health.

House price growth may slow through the summer, but early signs suggest activity levels will remain steady. With **stronger stock levels**, **competitive mortgage deals** and a gradual return to normalised buying conditions, the market looks to be on course for a stable, if slightly more measured, summer period.

market-update-getagent-may-2025

Welcome to the May 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.

Property Market Update: May 2025 | GetAgent

Welcome to the May 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.


Property Market Update: May 2025

This morning, the Bank of England announced another base rate cut - this time down to **4.25%**. It’s the fourth drop in under a year, and a clear sign that confidence is returning to the economy.

But what does this mean for homeowners?

### Lower rates = more buyers

As mortgage rates fall, monthly repayments become more affordable - and that means more people can say “yes” to a new home.

We’re already seeing signs of increased activity, and with the Spring market in full swing, this rate cut could be the nudge many buyers were waiting for. For sellers, this creates a window of opportunity - more interest, more viewings, and potentially stronger offers.

### Why now is a good time to act

Spring is traditionally one of the busiest times of year to sell a home. Gardens are in bloom, daylight lasts longer, and buyers are motivated to move before summer.

Add a rate cut into the mix, and the market gets a fresh injection of energy. Homes listed now are well-placed to benefit from rising demand and a more confident pool of buyers.

### Thinking of selling?

If you’ve been considering it, this may be the perfect moment to get ahead of the curve.

You can [compare top-performing estate agents](https://www.getagent.co.uk/vendor "Compare Estate Agents") in your area in just a few minutes. These are agents who know how to market homes effectively - and most importantly, how to secure the best possible outcome for you.

Or if you already have a shortlist of top agents, book your free valuation today.


A rack of newspapers outside an off-licence.

Monthly Market Update - 2023

This morning, the Bank of England announced another base rate cut - this time down to 4.25%. It’s the fourth drop in under a year, and a clear sign that confidence is returning to the economy.

The Bank of England has cut the base rate | GetAgent

The Bank of England cuts base rate to 4.25%

Welcome to the March edition of our Property Market Update. We've collated information from experts across the UK to provide you with a comprehensive view of the current market.

## Market activity robust despite stamp duty changes looming

The UK property market shows resilience despite approaching Stamp Duty changes. Rightmove reports **sales agreed up 15%** compared to last year, while Zoopla shows a **10% year-on-year** increase.

Nationwide notes market activity has remained resilient despite affordability challenges, with transactions in the second half of 2024 **14% higher** than 2023.

HMRC data shows UK residential transactions in January 2025 totaled **95,110**, down 1% from December.

## House prices show mixed signals

Halifax reports house prices dipped **-0.1% in February** with the average property price at **£298,602**, though annual growth remains steady at **2.9%**.

Nationwide reports UK home prices rose **3.9% year-on-year** and **0.4% month-on-month**, with the average house price at **£270,493**.

Zoopla highlights that house values increased **24% over 5 years** – three times faster than flats (7%), creating a **30-year high** in the price gap between houses and flats.

## Asking prices remain cautious

Rightmove reports property asking prices rose **0.5% (+£1,805)** to **£367,994** – a muted increase for this time of year. Sellers are showing pricing restraint due to high competition and the looming Stamp Duty changes.

## Housing stock reaches new heights

Zoopla reports the **most homes for sale in 7 years**, with **11% more homes** coming to market, including **14% more flats** versus 5% more houses.

Rightmove confirms available homes at a **10-year high**, moderating the typical new year price surge.

## Mortgage market shows resilience

January was a **record month for mortgage in principle applications** on Rightmove, **49% higher** than January 2024.

Bank of England figures show mortgage approvals at **66,189** in January (-0.5% monthly but **18.3% higher** year-on-year).

Current average mortgage rates are **5.41%** for two-year and **5.23%** for five-year deals (Moneyfacts).

Zoopla notes mortgage repayments for flats are **43% lower** than rental costs.

## Buyers continue to prefer houses despite price gap

Despite growing price differences, buyers still prioritise houses over flats. Zoopla reports that **over half** of first-time buyers outside London wanted 3-bed houses by end of 2024, up from two in five in 2017.

Buyer demand is **8% ahead** of last year (Rightmove), with new sellers **13% ahead** year-on-year.

## Stamp duty changes driving market behavior

The April 2025 Stamp Duty changes are influencing the market. Nationwide predicts a March transaction surge followed by weakness in subsequent months.

Rightmove warns of a conveyancing log-jam with **550,000 homes** awaiting completion (**25% more** than last year).

According to Zoopla, **half of homeowners** will pay an **extra £2,500** per purchase, while **40% of first-time buyers** will pay more Stamp Duty (up from 20%).

First-time buyer purchases between £500,001-£625,000 face an **extra £11,250** risk if the deadline is missed (Rightmove).

## Summary: A market in transition

The UK property market is in transition with the Stamp Duty deadline creating both opportunities and challenges. While activity remains robust and prices are generally stable, the substantial increase in available properties is creating more balanced conditions.

Expect a March transaction surge followed by a potential slowdown. However, strong earnings growth and continued buyer demand suggest any post-deadline weakness may be short-lived.

The house-flat price gap may eventually shift buyer preferences, while increased seller competition means realistic pricing remains crucial in this evolving landscape.

GetAgent Market Report March 2025

Welcome to the March 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.

Property Market Update: March 2025 | GetAgent

Welcome to the March 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.


Property Market Update: March 2025

Welcome to the **February 2025 Property Market Update**! We've gathered insights from across the UK to provide you with the latest market trends.

## Base rate cut boosts market opportunities

The **Bank of England's decision** to cut the base rate to **4.5%** marks the next stage in the bank's recovery plan from high inflation, creating new opportunities in the property market. Lower borrowing costs will encourage more buyers to enter the market, potentially increasing competition for well-priced properties.

## House prices break records

The market continues to show strength - **Halifax** reports a new record high of **£299,138** following a **+0.7% monthly increase**, while Nationwide shows a **4.1% annual growth**. **Zoopla** reports prices up **2% year-on-year** at **£267,700**, with Northern Ireland (+7.7%) and the North West (+3.2%) showing particularly strong performance.

## Market activity and stock levels

Market activity indicates robust buyer interest, with Zoopla reporting a **+12%** increase in agreed sales compared to last year and **Rightmove** showing post-Boxing Day sales up **+11%**. Estate agents are reporting their highest January inventory in seven years, averaging **31 properties per branch**. 

While this increased choice means more competition, properties priced correctly from the start are achieving better results, making it essential to work with experienced agents who understand your local market.

## Mortgage market shows growing confidence

According to the **Moneyfacts**, the average two-year fixed mortgage rate was **5.50%** as of February 6, 2025. The average five-year fixed mortgage rate was **5.30%**.  This improved affordability, combined with the base rate cut, creates excellent conditions for achieving a successful sale.

## Strong buyer demand continues

Market confidence is boosted by the **+13% increase** in buyer demand compared to last year. Particularly encouraging is the surge in first-time buyers, with **22% of renters** looking to purchase. The upcoming Stamp Duty changes have accelerated activity in the £300,000-£625,000 price range.

Table displaying the latest changes to the bank of England's base rate and average mortgage rates

Market-report-february-2025

Welcome to the February 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.

Property Market Update: February 2025 | GetAgent

Welcome to the February 2025 Property Market Update! We've gathered insights from across the UK to provide you with the latest market trends.


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