Experts on why June saw an ‘unusual’ house price fall
In June, the average asking price for a UK home fell 0.6%, the largest monthly decline for that month in 14 years, bringing the average to £376,191. Rightmove attributes the drop to higher mortgage rates, increased market inventory and an early summer slowdown triggered by an unusually warm May and other distractions. The firm advises sellers to set competitive prices as buyers are taking longer to decide amid tighter budgets.
- ▪The average asking price fell by £2,113 to £376,191, marking a 0.6% decline in June.
- ▪Higher mortgage rates and broader economic uncertainty are weighing on buyer activity and household budgets.
- ▪A warm May, the World Cup and a high number of homes on the market are thought to have accelerated the usual summer slowdown.
- ▪Regions such as the North East of England and Scotland showed relative price stability compared with the previous year.
- ▪Rightmove recommends sellers price competitively from the start to attract buyers who are now more selective.
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NewsUKHome NewsExperts on why June saw an ‘unusual’ house price fallRightmove said higher mortgage rates are continuing to weigh on activity as many household budgets are squeezed,Vicky Shaw Sunday 14 June 2026 23:45 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2995440","articleMeta":{"url":"https://www.independent.co.uk/news/uk/home-news/house-price-drop-rightmove-rent-b2995440.html","title":"Experts on why June saw an ‘unusual’ house price fall"}}Your support helps us to tell the storyRead moreSupport NowFrom reproductive rights to climate change to Big…
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