Housing Market Update - August 2025
UK house price growth slowed through mid‑2025 following weaker demand after April’s stamp duty changes, with modest or falling monthly price movements across most indices. Sales activity showed early signs of recovery, while rental growth continued to ease as tenant demand softened and supply improved.
Report summary
The August 2025 report highlights a market adjustment phase, with Nationwide and Halifax both reporting slower annual house price growth and noticeable monthly price declines. Asking prices recorded their sharpest seasonal fall in over 20 years, reflecting increased supply and buyer sensitivity following changes to stamp duty. Despite subdued price growth, activity indicators improved, with RICS and Zoopla noting the first rise in agreed sales and buyer demand since late 2024, supported by rising mortgage approvals and relaxed lending rules.
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