The latest UK Residential Market Survey from RICS indicated an improvement in buyer enquiries and sales expectations in July, with headline measures suggesting price declines are moderating and stabilisation is taking hold in several regions.
Respondents cited falling mortgage rates following the BoE’s easing cycle and strong competition among lenders as key supports for demand.
While supply remains constrained, more vendors are testing the market as affordability gradually improves.
For the broader economy, a stabilising housing market can bolster consumer confidence and spending via wealth effects, while also supporting construction activity through repair, maintenance and improvement work.
However, RICS cautioned that regional disparities persist and that stretched affordability continues to cap activity in high-cost areas despite lower rates.
The survey matters for markets because it foreshadows official ONS and lender indices with a short lead, and because housing turnover is closely linked to stamp duty receipts and related fiscal revenues.
If momentum holds into autumn, policymakers may face a delicate balance between supporting first-time buyers and avoiding a frothy rebound—particularly as rental markets remain tight and build-out rates are sensitive to planning and cost conditions.
Londoners are purchasing the lowest proportion of houses outside the capital in over a decade due to stalling local prices and the shift back to office working.
The latest data from UK Finance shows a rise in mortgage arrears and possessions in the second quarter of 2025, although lenders continue to offer support to struggling homeowners.
Homebuilder Persimmon has sold more homes but has warned that high mortgage costs are still a 'barrier' to buyers.
Rate cuts by more than 20 banks following the BoE move risk pushing savings returns below inflation.
Major lenders reported modest monthly house price gains in July, consistent with a gradual, rate-driven recovery.
Economists said the Q2 GDP surprise reduces pressure for rapid follow-up cuts after August’s split decision.
The UK economy expanded by 0.3% in Q2 2025, outpacing expectations and easing recession fears.
Headline mortgage deals for first-time buyers and remortgagers fell further, with the cheapest fixes starting around 3.7–3.9%.
The pound strengthened this week as traders priced Fed easing and reassessed BoE cuts after resilient UK growth.
FX markets eyed UK jobs and pay data after the BoE’s split cut, with sterling consolidating recent gains.
The Bank of England reduced rates by 25bp to 4.0%, with a closely divided MPC underscoring policy uncertainty.
The Bank of England's Monetary Policy Committee voted to cut the base rate by 0.25 percentage points to 4.0%, marking the fifth consecutive cut in a year.
UK house prices increased by 0.4% in July, a larger-than-expected rise, according to the latest data from mortgage lender Halifax.
Average UK house prices rose by 0.6% in July, recovering from a previous dip, according to Nationwide.
FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.
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Chancellor Rachel Reeves announced the autumn budget for November 26, aiming to address a £30 billion deficit with growth measures.
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McVitie’s introduces a new caramel-flavoured Penguin biscuit available in major UK supermarkets just in time for autumn.
Despite a wider trend of decreasing car insurance premiums in the UK, a new report indicates that prices for drivers under the age of 25 have seen a recent increase.
A major government reshuffle has fueled speculation about the future of Chancellor Rachel Reeves as the UK's long-term borrowing costs reach a 27-year high amidst broader European economic uncertainty.
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Greggs has introduced a £5 meal deal nationally along with new autumn-inspired menu items including Chicken Fajita Bake and Pumpkin Spice specials.
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