Britain’s largest online property portal, listed on the London Stock Exchange
May price data show a UK-wide dip in annual growth with May price at £298,806, while buyers face higher mortgage costs and cautious demand. Analysts say activity remains steady but uneven as inflation and rates influence decisions. Buyers and sellers adjust, with first-time purchases affected by deposits and cost of debt.
Zoopla finds a widening gap between house and flat prices since 2016, with houses up 43% and flats 10%, widening the house-to-flat ratio from 1.3x to 1.7x. Regional disparities are strongest in the Midlands and North, while Scotland remains stable. London shows a different pattern, with slower price growth.
A series of proposals around council tax, stamp duty and land value tax are attracting attention as policymakers consider how to reform property taxation. The debate spans mansion taxes in Scotland, and broader reforms that could affect ownership costs and mobility.
Nationwide reports that annual house price growth has picked up to 2.2% in June, while month-on-month prices are flat. Mortgage rates remain elevated but could ease if energy prices stay soft. Buyers are cautious; sellers are pricing carefully amid a slower summer and uncertain outlook.
Rightmove data shows a 104% rise in searches for homes with air conditioning as the UK endures record heat. Buyers are weighing comfort and energy costs, with expert comment on how climate drives property choices and the market remains subdued in overall activity.
Britain’s housing market has cooled further, with Rightmove reporting a 2% drop in newly listed prices this August. London leads the decline while the North steadies, and investors are pushing prices lower as liquidity returns to the market.