Asking prices for UK homes show biggest June fall since 2011

UK Rightmove House Prices for June 2025:

-0.3% m/m, compared with a typical 0.4% rise for the usual month of June

• prior +0.6%

+0.8% y/y, smallest annual rise since August 2024

• prior +1.2%

Rightmove commentary:

• “It appears that we’re now seeing the decade-high level of
  homes for sale, and the recent stamp duty increases in England,
  have a delayed impact on new sellers’ pricing”
• more competitive pricing helping sales activity
• number of agreed sales had risen to the highest in more
  than three years

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GBP update, little net change to begin the new week so far:

This article was written by Eamonn Sheridan at www.forexlive.com.