House prices rise at slowest rate in May since 2016 - Rightmove
By Abigail Townsend
Date: Monday 19 May 2025
(Sharecast News) - UK house prices edged higher in May, industry research showed on Monday, although the rate of growth was notably smaller than usual for the time of year.
According to the latest house price index from Rightmove, UK house prices rose by 0.6% in May, or by 1.2% year-on-year.
That compares to April's 1.4% uplift.
The average house price now stands at a record high of £379,517, while agreed sales were up 5% year-on-year.
However, Rightmove said May's price increase was the lowest for this time of year since 2016, as supply continued to catch up with demand.
The number of available homes for sale is now at a 10-year high, while the amount of new properties coming to market is 14% higher year-on-year.
May also suffered from a dip in demand following changes to stamp duty thresholds in April.
Rightmove's Colleen Babcock said: "It's another new price record this month. But having seen a May price record for the last five years, it appears to be driven more by seasonal factors given that new buyer demand has slowed.
"This month's price increase being the lowest in May for nine years is a sign of a market that favours buyers and is more subdued than usual."
However, Rightmove also acknowledged that the latest cut to Bank Rate could boost both buyer affordability and activity later in the year.
The Bank of England trimmed rates last week by 25 basis points, to 4.25%, the fourth reduction in the current cycle and second so far this year. Analysts expect at least one more cut by the end the summer.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN