Our House Price Index tracks the key trends in the UK housing market, showing agreed sales in May have reached the highest level in 4 years. With lots of homes for sale and price rises modest, buyers can benefit from relaxed affordability testing while sellers need to be supported with pricing advice.
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House price inflation is losing momentum as seasonal factors and growing economic uncertainty cools buyer demand, while supply continues to expand. More homes for sale are boosting choice and keeping house prices in check.
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Rental inflation has slowed, which will be welcome news to renters, but there are still 12 people chasing every home for rent. Growing supply is essential to support those on lower incomes and policy reforms for the rental market need to minimise the impact on supply.
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