“The UK housing market is showing renewed resilience, bouncing back after the pre-April stamp duty rush.
House prices have risen by 6.4%, now averaging just over £271,000. While property sales have dropped by 28%, this reflects a natural adjustment following the early surge in demand.
Mortgage approvals have only dipped slightly, down 2.1%, indicating steady buyer interest. Meanwhile, new home completions are down nearly 14%, and gross mortgage lending has fallen by 19.2%.
Still, confidence is growing. Over half of estate agents report improved buyer sentiment. And with an interest rate cut in May, demand is rising once again. May even saw the highest number of agreed sales in four years.
At the same time, more homes are coming to market—up 13% year-on-year—offering buyers a wider range of options.
And with the UK economy growing by 0.7% in Q1, driven by a stronger service sector, the housing market remains underpinned by solid fundamentals.”
Read the full market report at – https://pageturner.guildproperty.co.uk/james-du-pavey-eccleshall-summer-market-report-2025#9
