This report is based on responses to a monthly survey of Propertymark member agents. The analysis is based on data provided by around 100 sales and 100 letting agents across the UK.
Residential sales
Prospective buyers
Our members reported an average of 74 new prospective buyers per branch in June 2025. This was broadly unchanged from the previous month, suggesting stabilisation in buyer demand.
House prices
The UK’s average house price stood at £290,395 in May 2025 (the latest data available) with year-on-year comparisons showing Northern Ireland as the only nation with a marginal gain, while other regions saw little to no growth.
Sales volumes and supply
Provisional sales volume data shows that completed transactions in May 2025 (the latest data available) were below May 2024 levels continuing the year-on-year trend. Stock levels remained static at 38 properties per member branch but new instructions and appraisals are edging downwards.
Residential lettings
Demand
New tenant registrations fell to 57 per member branch and tenant demand is still significantly outpacing supply with around 6 applicants competing for each available property.
Rental Market
Official stats from ONS show rents were 6.7% higher year-on-year and 0.3% higher month-on-month in June 2025. Whereas 56% of our members reported that rents had remaining static, 13% seeing a fall, and 31% stating they felt rents had increased.
Regional Insight
Members in London and North East highlighted supply shortages whilst in agents Surrey were reporting fast lets for well-priced homes.
