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What is Currently Happening in the UK Property Market?

UK Property

Posted in Aug 22 , 2025

Listings Stay Strong

Over 32,200 new property listings were recorded in England (week ending 17 August 2025), slightly down from the previous week but still 3.5% higher than 2024 and 7% above pre-COVID averages.
Price Reductions Ease Slightly

Around 20,600 price reductions took place, down from 21,800 the week before. However, 14.1% of listings were reduced—higher than last year’s 12.1% average, indicating continued seller flexibility.
July Becomes Busiest Month in 5 Years

According to market data, July 2025 was the busiest July for estate agents in five years, thanks to more listings and competitive pricing.
Average Asking Prices Dip

The national average asking price fell 1.3% to £368,740, which encouraged an 8% rise in agreed sales compared to July 2024.
Interest Rates Support Market Confidence

The Bank of England reduced the base rate to 4% in early August, improving mortgage affordability and boosting buyer interest.
2025 Outlook Remains Positive

Rightmove predicts 2% house price growth for the year as market activity continues and buyer demand balances with increased supply.

Cribs Estates Ltd recommends buyers and sellers act strategically as the market shifts. With stable supply, flexible pricing, and improved affordability, now is a strong time to move in the UK property market.

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What is Currently Happening in the UK Property Market?

Listings Stay Strong Over 32,200 new property listings were recorded in England (week ending 17 August 2025), slightly down from the previous week but still 3.5% higher than 2024 and 7% above pre-COVID averages. Price Reductions Ease Slightly Around 20,600 price reductions took place, down from 21,800 the week before. However, 14.1% of listings were reduced—higher than last year’s 12.1% average, indicating continued seller flexibility. July Becomes Busiest Month in 5 Years According to market data, July 2025 was the busiest July for estate agents in five years, thanks to more listings and competitive pricing. Average Asking Prices Dip The national average asking price fell 1.3% to £368,740, which encouraged an 8% rise in agreed sales compared to July 2024. Interest Rates Support Market Confidence The Bank of England reduced the base rate to 4% in early August, improving mortgage affordability and boosting buyer interest. 2025 Outlook Remains Positive Rightmove predicts 2% house price growth for the year as market activity continues and buyer demand balances with increased supply. Cribs Estates Ltd recommends buyers and sellers act strategically as the market shifts. With stable supply, flexible pricing, and improved affordability, now is a strong time to move in the UK property market.

Cribs Estates Weekly UK Property Market Update

The UK housing market this week shows signs of both cooling momentum and steady underlying strength, offering a nuanced outlook for buyers, sellers, and renters alike. Rising Stock, Slightly Softened Demand This week saw 32.7k new property listings, a modest dip from last week’s 33.7k but still performing well against annual averages. Year‑to‑date, listings are tracking 3.7% above 2024 levels and 7% ahead of pre‑Covid averages (2017–2019), highlighting robust supply availability. Price Reductions Still Elevated About 21.8k listings saw price reductions—equating to 14.1% of market stock, or roughly one in seven properties per month. While this reflects ongoing price sensitivity, it's consistent with recent months and above both 2024’s 12.1% and the long‑term five‑year average of 10.6%. Agreed Sales & Pipeline Health Sales agreed (“sold STC”) reached 25k, down from 26.9k last week—but still robust relative to historical norms. Cumulatively, agreed sales this year are 7.1% higher than in 2024 and 14.3% ahead of the 2017–2019 average, suggesting sustained demand in the face of market caution. Sale‑Through & Fall‑Through Rates July’s sale-through rate rate—properties marked “sold subject to contract”—stood at 15.4%, slightly above June’s 15.3% but trailing the eight‑year average of 17.9%. There were 6,027 sale fall-throughs last week, with the fall-through rate at 24.4%—very close to the long-term norm of 24.2%, and far better than post‑Truss levels over 40%. Net Sales & Completion Odds Net sales—meaning concluded sales after removing fall-throughs—totaled 19k, slightly down from last week’s 20.6k but above the 2025 weekly average of 20.2k. Year‑to‑date net sales now sit at 608k, outpacing both 2024 (574k) and the 2017–2019 average (551k). Moreover, 51.2% of listings that went on the market in July finalized with a sale—marginally lower than previous months but still signaling that more than half of listed properties are successfully sold. Market Depth & Rental Pulse As of 1 August, active stock stood at 763k homes—6.7% more than the same date last year—and the sales pipeline was robust at 512k homes, up 4% year‑on‑year. Meanwhile, average rent reached £1,876 pcm in July, slightly above last year’s £1,863—even as the YTD average remains at £1,767. What This Means for You For buyers, plentiful listings offer more choice and negotiating leverage—though many are adjusting prices. Sellers should know that one in seven properties is being reduced, so realistic pricing remains vital. Landlords can remain cautiously optimistic: demand stays steady and rent levels are creeping up. At Cribs Estates, we continue to monitor each segment closely. Whether you're buying, selling, or renting, we're here to provide insights, strategy, and exceptional service.

July 2025 Property Report – Policy Drives and Market Pulse in the UK Housing Sector

July 2025 was a month driven by heavy policies. Whilst mortgage costs remained unchanged, Westminster and regulators issued a flurry of consultations, draft regulations, and data releases that will shape the market well beyond the summer holidays. Here are the headlines of the month that every buyer, seller, and landlord should know about. Bank of England Keeps Base Rate at 4.25 % The Monetary Policy Committee’s last vote (18 June) left Bank Rate unchanged at 4.25 %, and no July meeting meant that stance was carried through the month. Lenders kept most five-year fixes between 3.9% and 4.3%, although analysts now widely expect a trim at the 7 August meeting. Why it matters: Stable base rates are giving borrowers a brief window to lock in sub-4 % deals before any autumn change happens. Renters’ Rights Bill Clears Lords Report Stage Peers finished examining closely the Renters’ Rights Bill on 15 July, agreeing on late amendments that extend the Decent Homes Standard to armed-forces family accommodation and tighten rules around local-authority penalties. The Bill now awaits consideration of the Lords' changes in the Commons after the recess. Why it matters: Abolition of Section 21 “no-fault” evictions is getting closer each day. Landlords should review tenancy processes now; delays could become longer once the Act is in force. New ‘Decent Homes Standard’ Consultation Launched On 2 July, DLUHC opened a 10-week consultation to update and extend the Decent Homes Standard to the private rented sector. Proposals include mandatory EPC Band C by 2030 and more precise timetables for tackling damp and mould. Why it matters: The new standard process could require more modernised spending on 2 million+ rented homes. Budgeting early will be cheaper than changing it once deadlines are fixed. ONS Data: Rent Inflation Cools, House Prices Go Up The average UK private rent rose 6.7% in the year to June, which came down from 7.0% in May. Whereas, the average house prices hit £269,000 in May, with annual growth of 3.9 %. Why it matters: Slowing rent growth offers slight relief to tenants, but rents are still rising twice as fast as wages in many regions. Steady price growth shows sales demand remains resilient despite election noise. Building Safety Levy Regulations Presented In Parliament The draft from the Building Safety Levy (England) Regulations was tabled on 10 July. If approved, a per-unit levy on most new residential developments will start on 1 October 2026 to help fund building-safety remediation. Why it matters: Developers must start factoring the levy into land bids now; higher build costs could spill into prices for new-build buyers. What’s the Bigger Picture? July’s policy blitz shows the government is sticking to its “quality and safety first” message. Tougher rental standards, the building-safety levy, and revived leasehold reform all point to higher compliance costs, but also a more professionalised market. Expect an August rate decision to set the tone for autumn mortgage pricing, and keep an eye on final Commons votes that could push the Renters’ Rights Bill onto the statute book before year-end.

June 2025 Property Report: Key Developments in the UK Housing Sector

June 2025 saw a steady flow of activity in the UK property market. Whilst mortgage rates remained low, landlord concerns remained the same due to strict regulations. Although property sales were stable, legal changes and summer election buzz kept many buyers and landlords on edge. Here’s a look at the UK property market over the past month. Mortgage Deals Still Low, So Buyers Take Advantage Lenders continued to offer competitive mortgage rates throughout June, with some five-year fixed deals still available below 4%. This has generated steady buyer interest, particularly from first-time buyers and homeowners seeking to remortgage. Estate agents across the UK reported an increase in mortgage applications, especially within regional areas where house prices are slightly more affordable. Why it matters: Low mortgage rates are helping to keep the market moving, but with inflation still a concern, buyers are being warned that these rates may not stay low forever. Renters' Rights Bill Is In Final Stage After months of debate, the Renters' Rights Bill moved closer to becoming law this month. Minor updates were made, but landlords remain concerned about the unclear wording and the potential for future long-term eviction delays. Tenant groups, on the other hand, are pushing for even stronger protections before the bill becomes law. Why it matters: If passed, the law will change how private rentals are managed in England. Landlords will need to plan for stricter rules and longer processes when dealing with problem tenants. This could lead some to sell their rental homes, affecting supply. Fewer Rental Homes Available and Rents Rising Again Reports in June show that the number of available rental properties has decreased in many cities, particularly in London, Manchester, and Birmingham. With fewer homes to choose from, average rents have increased again, and some areas saw rises of up to 5% over the past three months. Why it matters: Landlords leaving the market or reducing their portfolios could make it harder for tenants to find homes. This also puts more pressure on affordable housing in high-demand areas. Market Stays Steady Despite Election Noise Although political discussions and the upcoming general election have created some uncertainty, the property sales market remained steady in June. Most activity came from upsizers, relocators, and buyers looking to move before the school holidays. House prices remained flat primarily across the UK, with some slight increases in the South West and East Midlands. Why it matters: Buyers and sellers are still moving, but many are waiting until after the election before making big decisions. Political changes could affect taxes, housing policies, and market confidence. Landlords Warned About New Safety Rules Councils in Liverpool, Sheffield, and parts of London announced more inspections and enforcement this month. Several landlords were fined for failing to maintain good housing conditions, not obtaining gas safety certificates, and not participating in local licensing schemes. Why it matters: Landlords must now be extra careful to stay compliant with safety laws. Ignoring even minor rules can result in significant fines or bans on renting out properties. What’s the Bigger Picture? June 2025 was a good month for the property market. Mortgage rates kept demand healthy, but changes in the rental sector, driven by law and supply issues, created challenges for landlords and tenants alike. The buyers are encouraged to act quickly if they see a good deal. Landlords, on the other hand, should review their legal obligations and be prepared for further reform, as tenants may face higher rents and fewer choices in the coming months.

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