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Asking Prices for UK Homes Have Smallest Spring Rise Since 2016, Rightmove Says
- Rightmove reported that in May 2025, UK home asking prices rose by 0.6%, the smallest spring increase since 2016, reaching a record £379,517.
- The slower price rise follows a rush to complete purchases before April's stamp duty increase, which triggered a market lull and less buyer demand in April.
- Despite April's slowdown, sales agreed in the past month exceeded last year's levels by 5%, driven by increased stock and improving mortgage rates that are still above last year's rates.
- Experts note that buyers can now be more selective due to more supply and competition, requiring sellers to price correctly initially or risk stagnation and longer selling times.
- The Bank of England’s decision to lower its base rate to 4.25% has raised optimism for additional declines in mortgage rates, potentially enhancing affordability and encouraging increased buyer activity later in 2025.
14 Articles
14 Articles
House prices rise by less than usual in April after stamp duty rise
House prices have risen by a smaller-than-usual 0.6 per cent this May, new data show, following the stamp duty hike.Despite average asking prices reaching a record £379,517, it is the lowest increase in the usually strong late spring market since 2016, according to Rightmove’s latest monthly index.Experts say that the stamp duty increase at the end of March could be partly behind the subdued growth this month.Until the end of March, the threshol…
Asking prices for UK homes have smallest spring rise since 2016, Rightmove says
LONDON (Reuters) -Asking prices for homes put up for sale in Britain have risen by the least for the late spring period since 2016, according to data published on Monday that added to signs of a slowdown in the country’s housing market after a tax break ended in April. The average price for houses and apartments advertised between April 6 and May 10 rose by 0.6% from a month earlier and prices were up by 1.2% from the same period last year, prop…
Price reductions hit record following stamp duty changes: TwentyEA – Mortgage Strategy
There were more than 100,000 house price reductions in April, making a total of nearly 388,000 so far this year. This is according to the latest data from TwentyEA which shows numbers currently tracking 20.6% higher year on year. In April 2025, the number of reductions hit 104,794, which is higher than all previous Aprils going back to 2019. At the peak of the recent property boom – particularly around April 2021 – when the stamp duty holiday wa…
Property market: Confidence ‘picking up’ after stamp duty hike
How is the property market performing following the stamp duty hike? How long are transactions taking and what is demand and supply like? Stephen Ward offers an insight from the conveyancers’ perspective The post Property market: Confidence ‘picking up’ after stamp duty hike appeared first on What Mortgage.
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