"The average asking price of a newly-listed home coming to the market for sale falls by 2.0% (-£7,360) this month to £364,999. Prices usually fall in August, but this is a much larger August price drop than the ten-year average of -1.3%, and the largest since 2018. The number of available homes for sale is at a 12-year high for this time of year. When combined with the traditionally quiet summer holiday period, this has led to lower price expectations from sellers who have decided to come to market at this time of year, despite the lower volume of active buyers. Encouragingly, it appears that these sellers are taki ng the advice of both estate agents and Rightmove, and entering the market at competitive prices, giving themselves a much higher probability of selling. The average asking price for a home is now 1.0% lower than at this time last year, the largest annual drop in prices since December 2023."

"The July 2026 RICS UK Residential Market Survey results point to little change in the overall subdued narrative reported over recent months, with metrics on buyer demand and sales still languishing in negative territory. That said, short-term sales expectations have become gradually less pessimistic, although they remain far from signalling a meaningful turnaround in market conditions at this stage."

"UK house price growth has slowed to 1.3% in June, down from 1.7% a year ago, but this masks a widening regional split. In cash terms, a typical home in the North West has gained £7,100, while a typical London home has lost £3,270 and the South East is down £1,480."

"In London, this extra cost for a home buyer is £244 a month (£2,900 a year) but just £69 a month (£830 a year) in the North East. For a first- time buyer in London the monthly repayment increased by £232 at the April peak: nearly three and a half times the £66 monthly increase facing a first-time buyer in the North East."

Tim Bannister, Property Expert at Rightmove: 4% rise

“More people choosing to make their move in 2025, teamed with lower mortgage rates, could push house prices up by 4% over the course of 2025… The big picture of market activity remains positive… which sets us up for what we predict will be a stronger 2025 in both prices and number of homes sold.”

Amanda Bryden, Head of Halifax Mortgages: 0% to +3% rise

“We expect modest house price growth in 2025, likely a little lower than this year at up to +3%… While further cuts to Bank Rate are still on the cards, the pace looks likely to be more gradual than previously anticipated… buyer demand should continue to hold up well.”

Richard Donnell, Executive Director at Zoopla: 2.5% rise

“The housing market has been resilient… Higher income growth and lower mortgage rates have helped reset housing affordability… We expect this to continue over 2025.”

Lucian Cook, Head of Residential Research at Savills: 1% rise

“Interest rates have fallen as expected, giving buyers a bit more financial capacity than they had a year ago… Greater geopolitical uncertainty… has made predicting the precise path of further cuts more challenging.”

Nick Barnes, Head of Research at Chestertons: 3.4% rise

“Chestertons forecasts that property prices will rise by 3.4% across the UK and 3% in London in 2025, supported by lower mortgage costs, modest but consistent growth for the UK economy and inflation staying around the Bank of England’s 2% target.”