Latest house price indices june 2025: what they tell us about the property market

In the first few days of each month, a variety of organisations from the financial world and elsewhere in the homebuying business, including the Royal Institution of Chartered Surveyors (RICS), publish their monthly assessment of the housing market, with indications and predictions based on the data as to what has happened and what is likely to happen with the sales and purchases of homes throughout the country.

This is an important exercise, because what is happening in the housing market is a strong - but not necessarily foolproof - indicator of what is happening in the broader economy. Understand what's happening with house prices, take-up of mortgages, asking prices, successful completions, etc., and the observer will have a clearer idea on what it means and how it impacts decisions that are made regarding inflation, interest rates and so on.

To those not in the business of buying and selling homes and commercial properties, the reports can be a bit of a dry read, which is why it's more widely useful to get a few bullet points from some of the key publications.

Halifax published their House Price Index on 6 June: According to Halifax figures, house prices dropped in May by 0.4%, having risen by 0.3% in the previous month. The average rate of house price growth across the year has also started to slow, dropping from 3.2% to 2.5%. But overall, Halifax believes that the housing market remains stable, as locations in the North-West of England and Yorkshire buck the national trend with prices rising at a rate of 3.7%.

Rightmove published their House Price Index on 16 June: Similarly, Rightmove also indicate that prices have fallen but by a slightly smaller 0.3%, although they comment that this is unusual for this time of year. Their figures, though, also suggest a more modest annual increase of 0.8%. And, for their data, it has been the busiest month for three years for sales agreed.

RICS published their latest report for May 2025 on 9 June: As far as RICS is concerned, they report that overall, buyer demand and agreed sales are "struggling for momentum". House prices across the country are pretty static. RICS predicts that the data suggests a stable housing market in the coming months.

It's very easy to look at the figures and make stark assessments on the state of the market, so it is the context that matters. All three reports show that the housing market is generally quite stable, and they foresee that this is unlikely change, certainly for the next few months.

What those assertions tell us is that now is a good time to think about buying your next home. As Amanda Bryden, Head of Mortgages at Halifax, comments:

"These small monthly movements point to a housing market that has remained largely stable, with average prices down by just -0.2% since the start of the year. The market appears to have absorbed the temporary surge in activity over spring, which was driven by the changes to stamp duty."

"Affordability remains a challenge, with house prices still high relative to incomes. However, lower mortgage rates and steady wage growth have helped support buyer confidence. The outlook will depend on the pace of cuts to interest rates, as well as the strength of future income growth and broader inflation trends."

"Despite ongoing pressure on household finances and a still-uncertain economic backdrop, the housing market has shown resilience - a story we expect to continue in the months ahead."

If you're a buyer who has found a property that you're keen on, your next step is likely to be arranging to have a survey carried out to ensure the property is in good condition. Surveyor Local can connect you to the best professional advice through our nationwide panel of chartered surveyors, all of whom are members of the RICS.

At Surveyor Local, we only work with RICS chartered surveyors, ensuring your survey is always professionally delivered. They will work hard to identify all kinds of problems, including the impact of prior flooding on the structure of the property.

Call to get your no-obligation survey quote or use our easy-to-use quote generator for an instant quote.