UK asking prices show bigger-than-usual rise in May, Rightmove says
Rightmove said higher new listings and a 5.18% two-year fixed mortgage rate kept the market steady even as annual asking prices stayed below last year.
- On Monday, property website Rightmove reported that British home asking prices rose 1.2% in May, exceeding the 1.0% increase typically seen for the season despite Iran war uncertainty.
- Despite cost-of-living pressures and wider global uncertainty, market activity remained steady as average two-year fixed mortgage rates eased to 5.18% from 5.42% last month, Rightmove said.
- Rightmove data shows 32% of properties require eventual price cuts due to over-optimistic pricing, which extends the time needed to find a buyer by 91 days.
- Buyer choice reached its highest level for any May since 2015, creating a highly competitive environment, though agreed sales remained 4% lower than at this point last year.
- Research published by Zoopla reveals 53% of sellers cut their price before finding a buyer, prompting property expert Colleen Babcock to warn that "getting the asking price right from the outset is increasingly important.
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10 Articles
U.K. Home Price Rise in May Reaches 10-Year High, Rightmove Says
The average price increase of a U.K. house being put up for sale in May is higher for the month than that over the past ten years, despite uncertainty over cost-of-living pressures resulting from the war in the Middle East.
UK asking prices show bigger-than-usual rise in May, Rightmove says
Asking prices for British homes in May rose by more than usual for the time of year, despite uncertainty about the Iran war, and a key mortgage rate eased back, property website Rightmove said on Monday.
House prices increase £4,333 in May: Rightmove
The average price of a property coming to market has risen by 1.2% to £378,304 in May 2026, an increase of £4,333, the latest Rightmove house price index reveals. Rightmove says housing market activity overall remains surprisingly confident despite uncertainty around global events and rising… The post House prices increase £4,333 in May: Rightmove appeared first on Mortgage Finance Gazette.
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