The common UK home value in June was £290,395 in May, in keeping with the most recent Propertymark report.
The housing perception report discovered that residential gross sales volumes in May 2025 have been decrease than in May final yr, whereas purchaser registrations averaged at 74 per department in June which is unchanged from the month prior.
The knowledge reveals that members agreed a mean of 10.3 gross sales, a slight enhance from the earlier month. Of these transactions, 39% took greater than 17 weeks to trade, an enchancment in contrast with the 2022 peak at 41%.
Meanwhile, tenant demand fell with 57 new registrations per department, whereas accessible rental inventory slipped to 9.75 per department.
It discovered that member branches agreed there was a mean of 10.23 new tenancies.
The knowledge additionally reveals that common rents stood at £1,399 in England, £999 in Scotland and £804 in Wales, which represents a 6.7% annual enhance and 0.3% month-to-month rise.
Propertymark chief govt officer Nathan Emerson says: “Some areas are reporting sturdy ranges of exercise within the gross sales market, which is very constructive contemplating the continued financial turbulence being witnessed.”
“However, with strides being made by quite a few lenders in bringing improved mortgage merchandise to the market, this might assist increase affordability and encourage additional market uplift over the approaching months on a wider scale.”
“In the lettings sector, there seems to be little fluctuation in outlook within the brief to medium time period, with demand persevering with to considerably outstrip the availability of obtainable rental properties.”
“This development might worsen, not solely attributable to an absence of assist for landlords to put money into the sector—finally pushing lease ranges larger throughout many areas—but additionally as a result of tenants may now select to remain put for longer, given the uncertainty and problem to find a brand new dwelling.”
