
Housing market remains subdued in July – RICS
New buyer enquiries showed a net balance of -28%, unchanged from June but better than the low of -41% in March.

New buyer enquiries showed a net balance of -28%, unchanged from June but better than the low of -41% in March.

During the week starting 22nd May, buyer demand dipped as potential buyers paused viewings to either enjoy or avoid the heat.

The average asking price for new sellers went up by 0.8% in April to £373,971, which was in line with rises seen in February and March.

Data from Property Inspect showed that Liverpool had the highest new-build stock at 10.5%, followed by Aberdeen, Edinburgh, Manchester and London.

In lettings, tenant demand was largely unchanged at 2%, but landlord instructions stayed negative at -27%.

Price growth was strongest in Scotland and Northern Ireland, with the North West and North of England also showing gains.

Demand for new buyers dropped by 32% for new enquiries, the lowest since late 2023.

New data from Yopa shows first-time buyer demand has fallen across most major UK cities in 2025, with Nottingham seeing the steepest decline since the start of the year.

Demand for homes over £1m fell by 11% while new listings were down 9%.

Standard residential searches, which account for more than 70% of all mortgage searches, fell 9.4% compared with the seven-day average, with 50,500 searches recorded versus 55,714.

This month’s seasonal rise was the smallest for May since 2016, as a high number of homes for sale held back price growth.

The supply of homes for sale was 12% higher than a year ago as more sellers entered the market, and sales agreed was 6% higher than last year.
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