Overview
- Rightmove reported a 1.2% monthly rise in May, lifting the typical asking price to £378,304 as two‑year fixed mortgage rates dipped to about 5.18%.
- Average asking prices stayed 0.3% below a year earlier, and sales agreed were about 4% lower than the same period in 2025.
- The number of homes for sale hit an 11‑year high, which drove 32% of listings to cut prices and left reduced homes on the market for 127 days versus 36 for those priced right first.
- A regional split has sharpened, with the North East and North West posting annual gains as London and the South East recorded falls.
- Hamptons said larger investors are buying rentals from smaller landlords in the North, and rents on new lets and renewals are climbing.