Key Insights
In June 2026, the Royal Institution of Chartered Surveyors (RICS) reported a net balance of -33% in house price expectations, indicating continued downward pressure on property values.
Mortgage rates have risen significantly, with the average two-year fixed rate climbing above 5.7% by mid-2026, up from early-year levels, reducing borrowing power for many buyers.
Regional disparities persist, with Northern Ireland, parts of northern England, and Scotland experiencing annual growth exceeding 3% to 6%, while southern England, including London and the South East, shows weak or declining values.
AI Analysis
The UK housing market is expected to continue its bearish trend in the near term, with limited price growth and ongoing affordability challenges. A po...
Market Outlook
Short-Term
In the short term, the housing market is expected to remain subdued, with limited price growth and continued affordability challenges. The Bank of England's monetary policy decisions, particularly regarding interest rates, will be key factors influencing market dynamics. Additionally, geopolitical uncertainties may continue to impact buyer confidence and borrowing costs.
Long-Term
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