The UK property market became more balanced in June. Buyers remained cautious as mortgage costs and economic uncertainty continued to influence decisions. Whilst demand is still present, sales activity has slowed compared with last year, making accurate pricing and expert guidance more important than ever.

House Price Forecasts Revised Down for 2026

A Reuters survey of property economists has lowered the UK house price growth forecast for 2026 from 2.5% to 1.8%. London prices are expected to fall by around 0.3% this year before recovering in 2027.

Why it matters

Slower growth does not mean the market has stopped. Buyers are becoming more value-conscious, and realistic pricing is becoming the key to attracting offers.

How we help

We provide an accurate market valuation, recommend the right asking price, and create a marketing strategy to generate genuine interest from serious buyers.

Mortgage Approvals Fall as Buyers Become More Selective

Mortgage approvals fell to around 56,200 in May, a 15% drop from April and 11% lower than the same period last year. Higher borrowing costs continue to affect affordability, encouraging buyers to take more time before committing.

Why it matters

Fewer financed buyers mean sellers need to stand out. Buyers who have their finances in place are also in a stronger position to negotiate.

How we help

We qualify buyers early, work closely with all parties throughout the transaction, and help keep sales progressing from offer through to completion.

House Prices Stabilise After May's Decline

Following May's fall, Nationwide reported that house prices remained flat in June, whilst annual growth edged up to 2.2%. Limited housing supply continues to support prices, even as buyer demand has softened.

Why it matters

The market is finding its balance. Correctly priced homes continue to attract buyers, whilst overpriced properties are taking longer to sell.

How we help

We provide honest advice based on local market conditions, helping you make decisions with confidence rather than relying on national headlines.

Rental Demand Remains Strong whilst Supply Stays Tight

Rental supply remains 20% to 30% below pre-pandemic levels, whilst tenant demand continues to exceed the number of available homes. Although rent growth has slowed, limited supply continues to support landlords and investors.

Why it matters

Strong demand and limited supply continue to create favourable conditions for landlords, particularly in high-demand locations.

How we help

We help landlords find suitable tenants, manage day-to-day lettings, stay compliant with changing regulations, and reduce void periods through proactive property management.

Correct Pricing Makes a Bigger Difference

Recent market data shows that realistically priced homes are selling in around 36 days, whilst overpriced properties can remain on the market for more than 120 days.

Why it matters

The first few weeks after listing are often the most important. A realistic asking price helps generate more enquiries and stronger offers.

How we help

Our valuations are based on current buyer demand, comparable local sales, and market conditions, helping your property launch at the right price.

Bank of England Keeps Rates on Hold

The Bank of England kept the base rate at 3.75% during its June meeting. Although inflation has eased to 2.8%, policymakers remain cautious about rising energy costs and their impact on future inflation. The committee voted 7 to 2 to keep rates unchanged, showing there is still uncertainty over the direction of interest rates.

Why it matters

Mortgage rates are likely to remain an important factor for buyers in the coming months. whilst many hope borrowing costs will fall, the Bank has signalled it will continue to monitor inflation before making further changes.

How we help

We help you understand today's market and identify opportunities that fit your budget and long-term plans.

What's the Bigger Picture?

June suggests the property market is settling into a healthier balance after several months of uncertainty. Buyers are still active, but they are taking more time to compare properties and secure the right mortgage. 

Sellers who price realistically and present their homes well continue to achieve good results, whilst landlords remain in a strong position due to ongoing demand for rental homes.