{"id":11390,"date":"2026-06-16T14:02:55","date_gmt":"2026-06-16T14:02:55","guid":{"rendered":"https:\/\/second-home.uk\/?p=11390"},"modified":"2026-06-16T14:02:55","modified_gmt":"2026-06-16T14:02:55","slug":"uk-asking-prices-fall-2100-in-biggest-june-drop-since-2012","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=11390","title":{"rendered":"UK asking prices fall \u00a32,100 in biggest June drop since 2012"},"content":{"rendered":"<p>Average asking prices for newly listed homes fell by \u00a32,113 in June, marking the largest decline for the month in 14 years, according to data from Rightmove. The property portal recorded a 0.6% monthly decrease, bringing the average asking price to \u00a3376,191.<\/p>\n<p>June typically sees modest price growth, making this year\u2019s fall the steepest for the month since 2012. Rightmove attributed the decline to high housing supply, increased price sensitivity among buyers, and an earlier-than-usual summer slowdown. May\u2019s heatwave and the ongoing football World Cup were cited as potential factors affecting market activity.<\/p>\n<h2>Market rebalancing rather than confidence loss<\/h2>\n<p>Nathan Emerson, CEO of Propertymark, said the figures suggest \u201cthe market is continuing to find a more sustainable balance, rather than experiencing a loss of confidence.\u201d He noted that buyers remain active but are taking longer to make decisions, with realistically priced homes continuing to attract interest.<\/p>\n<p>Emerson added that national trends mask significant regional differences, with local affordability, supply levels and demand shaping market performance. In areas where stock remains constrained, well-presented and competitively priced properties are still selling well.<\/p>\n<p>Jeremy Leaf, a north London estate agent, said sellers seeking genuine buyers \u201chave been obliged to accept a larger dose of realism\u201d on asking prices. He noted that available stock, particularly flats, combined with <a href=\"https:\/\/www.propertywire.com\/news\/bank-of-england-rate-decision-uncertain-after-ecb-hike\/\">concerns about mortgage rates<\/a>, are making first-time buyers nervous about financial commitments.<\/p>\n<h2>Regional and sector variations<\/h2>\n<p>Marc von Grundherr, Director of Benham and Reeves in London, said buyers \u201caren\u2019t moving at the pace we\u2019ve seen in previous years\u201d due to current market conditions and oversupply affording them more time and choice. He suggested the larger than usual dip in asking prices indicates sellers are \u201cfinally accepting this reality and pricing to sell.\u201d<\/p>\n<\/p>\n<p>Tom Bill, head of UK residential research at Knight Frank, said the Middle East conflict has \u201csapped seasonal momentum from the housing market.\u201d He expects modest UK house price growth of 1.5% this year as higher mortgage rates affect buyers and political uncertainty increases.<\/p>\n<p>Henry Crane, partner at James Laurence Estate Agents, reported a clear split in the Midlands market. Leasehold properties, particularly those with service charge increases or lease issues, are seeing softer demand, while the freehold market is moving at a quicker pace.<\/p>\n<p>Matthew Harvey, Partner at Tayler &#038; Fletcher, said the Cotswolds market remains resilient, with strong demand from early retirees downsizing and families seeking schooling options across the \u00a3300,000 to \u00a3400,000 and \u00a3500,000 to \u00a31 million segments. He noted that stock levels are higher year-on-year, but sales levels are also ahead.<\/p>\n<p>Polly Ogden Duffy, Managing Director at John D Wood &#038; Co. London, described the spring market as \u201csplit in two,\u201d with well-priced family homes in sought-after school catchments attracting strong interest, while the flat market favours buyers due to high supply.<\/p>\n<h2>Market outlook<\/h2>\n<p>The data suggests the UK housing market is adjusting to a more balanced state, with pricing becoming increasingly important as buyers exercise greater caution. The combination of higher supply levels and <a href=\"https:\/\/www.propertywire.com\/news\/rent-increases-drop-23-following-renters-rights-act\/\">evolving affordability pressures<\/a> continues to shape transaction patterns across different regions and property types.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average asking prices for newly listed homes fell by \u00a32,113 in June, marking the largest decline for the month in 14 years, according to data from Rightmove. The property portal recorded a 0.6% monthly decrease, bringing the average asking price to \u00a3376,191. June typically sees modest price growth, making this year\u2019s fall the steepest for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8227,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2],"tags":[],"class_list":["post-11390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK asking prices fall \u00a32,100 in biggest June drop since 2012 - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk-asking-prices-fall-2100-in-biggest-june-drop-since-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK asking prices fall \u00a32,100 in biggest June drop since 2012 - Second Home\" \/>\n<meta property=\"og:description\" content=\"Average asking prices for newly listed homes fell by \u00a32,113 in June, marking the largest decline for the month in 14 years, according to data from Rightmove. 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