The UK housing market showed signs of resilience in June despite a seasonal slowdown and ongoing economic pressures, according to the latest Housing Insight report from Propertymark.
The average UK house price stood at £290,395 in June 2025. While residential sales volumes were lower than in May 2024, the number of prospective buyers registering with estate agents held steady at 74 per branch, unchanged from the previous month, suggesting continued interest despite financial headwinds and summer distractions.
Propertymark member branches agreed an average of 10.3 sales per office during the month, a slight increase from May.
Nearly four out of 10 (39%) transactions took over 17 weeks to reach exchange, a slight improvement from the 2022 peak of 41%, when conveyancing delays and mortgage market volatility were at their highest.
ECONOMIC TURBULENCE
Nathan Emerson, Chief Exercutive of Propertymark, says: “Some regions are reporting robust levels of activity in the sales market, which is especially positive considering the continued economic turbulence being witnessed.
“However, with strides being made by numerous lenders in bringing improved mortgage products to the market, this could help boost affordability and inspire further market uplift over the coming months on a wider scale.”
LETTINGS CONSTRAINED
In the lettings market, conditions remain far more constrained. Tenant demand fell to 57 new registrations per branch in June, but supply tightened further, with available rental stock slipping to just 9.75 properties per branch. An average of 10.23 new tenancies were agreed across the network.
Rents continued to rise, with average monthly costs now at £1,399 in England, £999 in Scotland, and £804 in Wales, reflecting a 6.7% annual increase and a 0.3% rise month-on-month.
And Phil Spencer, property expert and founder of Move iQ, warns that structural issues in the rental sector risk further deterioration.
He says: “Seeing another dip in the number of privately rented homes available will likely not boost renters’ confidence.
“Wages have generally failed to keep pace with rent increases over the years in many regions, with the issues further worsened by a slowdown in property investment within the sector.
“It would help enormously if we could all see the promotion of a healthy mix of tenures, and appreciate the important role that good, law-abiding landlords play in housing the nation.
“We now need to nurture and incentivise current and future investment to avoid further fuelling this ever-increasing gap in available homes to rent and the resulting growing demand from renters.”
