Medium-term potential for growth has been upgraded due to a more relaxed approach to mortgage affordability tests.

With the number of available homes still at a decade-high level, summer sellers are pricing even more competitively to attract buyer interest.

Over half of these homes are in the North West, Yorkshire and the Humber and Wales.

The average UK house price is £10,000 higher than 12 months ago. 

Northern Ireland leads on house price rises, however, prices decline in most English regions.

First-time buyer numbers have returned to pre-stamp duty change levels.

Terraced properties saw the highest price growth by type, rising 3.6% over the year.

UK residential property transactions rose sharply in May 2025, following the previous month’s downturn linked to changes in stamp duty thresholds.

Constantinos Savvides, head of underwriting at London Credit, says that for brokers, the message is clear: in a market where timelines are tight and project types vary widely, choosing...

London was the only English region where annual inflation was higher in April than March.