Overview
- Rightmove said May asking prices rose 1.2% to £378,304 as the average two-year fixed mortgage rate edged down to 5.18%, though prices stayed 0.3% below a year earlier.
- Buyer choice hit an 11-year seasonal high, with the number of homes for sale the most for this time of year since 2015, and sales agreed ran 4% below 2025 levels.
- Annual gains persisted in the North East and North West, while London and the South East saw yearly falls in asking prices.
- Pricing proved sensitive, with 32% of listings cut and reduced homes taking 127 days to sell on average versus 36 days without a cut.
- Hamptons reported larger investors buying rentals from smaller landlords in northern England as newly let rents rose 1.9% to £1,396 and renewal rents climbed 3.2% to £1,312.