Extra properties on the market in UK slowing tempo of worth progress

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Your help makes all of the distinction. Learn extra The tempo that home costs are rising has slowed in current months amid a higher selection of properties on the market in areas comparable to southern England, in keeping with a property web site.

Hypothesis that the Authorities is contemplating overhauling property taxes may additionally see consumers delay selections till after the autumn finances, specialists stated.

Common UK home costs grew by 1.3% over the 12 months to July, Zoopla’s index confirmed.

That is beneath the two.1% inflation price recorded firstly of 2025, however increased than 0.6% a 12 months in the past.

The typical worth of a house offered within the UK is £270,600 – which is £3,560 greater than a 12 months in the past, it discovered.

Zoopla stated that slower worth inflation was partly right down to there being a higher selection of properties on the market – with 10% extra in the marketplace in current weeks than the identical interval final 12 months.

Extra properties in the marketplace means sellers usually tend to be competing for a purchaser and so are inclined to maintain asking costs decrease.

Coastal areas throughout the south of England had essentially the most unsold properties in the marketplace, Zoopla’s evaluation discovered.

This included cities comparable to Truro, Exeter and Bournemouth the place a few quarter of properties had been up on the market for greater than six months – round a 3rd increased than common for the time of 12 months.

York, Torquay and Llandrindod Wells in Wales have been additionally highlighted as markets with an above-average variety of sellers.

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In distinction, markets with a scarcity of properties on the market embody Dundee, Wolverhampton, and suburbs surrounding London and Northampton.

Richard Donnell, Zoopla’s government director, stated there was “loads of demand for properties and extra folks wish to transfer”.

“Nonetheless, consumers even have a lot higher selection to select from, particularly throughout areas of southern England,” he stated.

“There's a clear hyperlink between purchaser selection and worth inflation and the way lengthy it's taking properties to promote.

“Sellers want to grasp native market situations when contemplating the way to market their house, setting the correct worth and the way rapidly they wish to promote.

“The danger of being too bold on worth is your own home taking greater than twice as lengthy to discover a purchaser – or not promoting in any respect.”

Zoopla is predicting UK home worth inflation to rise to between 1.5% and a couple of% over the remainder of the 12 months.

Nonetheless, exercise available in the market may gradual if consumers maintain again till the Chancellor’s autumn finances assertion later this 12 months, the property portal instructed.

Experiences earlier this month stated the Treasury was contemplating plans to boost cash from a tax on the sale of properties value greater than £500,000.