Thinking about selling your home this summer?
UK house prices July 2025 saw the steepest monthly drop in over 20 years, with sellers across the UK—especially in London—making significant price cuts to attract buyers. Here’s what’s happening, why it matters, and what you can do about it.
What’s Happening: UK House Prices July 2025
The UK property market has just experienced its largest monthly drop in average asking prices in over 20 years. According to Rightmove’s July 2025 House Price Index:
- Average asking price fell by 1.2% (£4,531) in July, bringing the national average down to £373,709.
- London sellers are feeling the pinch even more: prices in outer boroughs dropped by 1.5%, and central postcodes saw a 2.1% fall.
- This isn’t just a seasonal blip. While it’s typical to see a dip as the summer holidays begin, this is the most significant fall since Rightmove began tracking the market in 2002.
- Supply is at a decade high: There are more unsold properties on the market than at any point in the last ten years, giving buyers unprecedented choice.
Why Are House Prices Dropping Now?
Several factors are driving this shift:
- End of Stamp Duty Cuts: Temporary reductions to stamp duty in England and Northern Ireland ended in April, following changes introduced in the March 2025 Budget. This has had a particularly strong effect in high-value markets like London.
- Council Tax Changes: Recent hikes in council tax for second homes and investment properties have cooled investor demand.
- Rising Supply: A glut of homes for sale means sellers must now work harder and price more competitively to stand out.
- Improved Affordability: Lower mortgage rates and wage growth outpacing inflation mean buyers are better placed to purchase—but only if the price is right.
Is It a Good Time to Sell?
It might feel daunting to see headlines about falling house prices, but it’s not all bad news for sellers. In fact, the market is showing signs of resilience:
- Sales are rising: Despite lower prices, the number of property sales is actually up 5% compared to last month, with buyer enquiries jumping by 6%.
- Tempting prices attract buyers: Realistic, well-priced homes are still selling—and often more quickly than overpriced ones. Over-optimistic sellers are finding their properties overlooked as buyers shop around.
“The decade-high level of buyer choice means that discerning buyers can quickly spot when a home looks overpriced compared to the many others that may be available in their area.”
— Colleen Babcock, Rightmove
What Does This Mean for Buyers?
If you’re looking to buy, with more homes on the market, you’ve got greater negotiating power and the ability to shop around for the best value. The recent price reductions, combined with improved mortgage affordability, mean your dream home could be within reach.
Should You Cut Your Asking Price to Sell?
The evidence is clear: pricing is key. Sellers who set a realistic, competitive price from the outset are the ones agreeing sales.
“Sales are still being agreed but nearly always with sellers who have recognised the importance of setting a realistic initial figure to differentiate themselves from so much other, often similar, property.”
— Jeremy Leaf, North London estate agent and former RICS residential chairman
If your property has been on the market for a while without serious interest, it’s worth reviewing your asking price. In a market where buyers have more choice than ever, holding out for last year’s prices could mean missing out altogether.
What’s Next for the Property Market?
While some may worry that falling prices signal a weakening market, the underlying data tells a different story. Activity levels remain healthy, and the combination of more affordable homes and motivated buyers is keeping sales ticking over. If you’re wondering where UK house prices July 2025 are headed next, experts expect the market to stabilise as the summer continues, especially if mortgage rates remain low and wage growth continues.
How Any House Wanted Can Help
Selling a house can be a stressful ordeal—but we’re here to take the weight off:
- The Certainty of a Sale: We offer guaranteed cash offers, usually within 24 hours, based on independent valuations (typically up to 85% of market value, often more competitive than selling with an estate agent after fees).
- No Hidden Fees: There’s no cost to you. We cover all legal, survey, and processing costs. What we offer is what you get.
- Speed and Flexibility: Complete in as little as 7 days, or choose a completion date that suits you. We even offer 10% cash upfront to help secure your next home or for other financial needs.
- No Chains, No Delays: Avoid the risks of sales falling through or being stuck in a chain.
- Discreet and Stress-Free: No viewings, no “For Sale” signs, and a confidential process from start to finish.
- Full Support: We operate 24/7, and provide extra help for vulnerable customers. Our team handles all paperwork and legal formalities.
- Trusted by Sellers: Rated ‘Excellent’ on Trustpilot, with testimonials highlighting our fairness, promptness, and support.
Frequently Asked Questions
Should I reduce my asking price to sell?
If your home isn’t attracting interest, a price review can make all the difference. In July 2025, realistic pricing is what is getting results.
How quickly can I sell?
With Any House Wanted, you can get a guaranteed offer in 24 hours and complete in as little as 7 days—or pick a date that suits you.
Are there any fees or hidden charges?
No. We cover all costs, so what you’re offered is what you get.
What types of properties do you buy?
We buy any house, flat, or commercial property, in any condition, anywhere in the UK and Channel Islands.
What situations do you help with?
We regularly help to stop repossessions, landlord sales, inherited and probate properties, other financial challenges, and more.
What to Look For When Choosing a Trusted Cash Buyer
- No upfront costs
- A clear, written offer you can review in your own time without pressure
- Regulated by The Property Ombudsman
- Genuine reviews and testimonials
- Legal fees included and handled by recognised independent solicitors.
We’re Rated ‘Excellent’ on Trustpilot
“The company were very understanding when I came to them with my enquiry on selling my inherited house. They were great from start to finish and the process was completely stress free. Communication was quick and reliable and they answered any questions I had even if I thought they were silly ones. I would highly recommend this company if you’re looking for a quick house sale. I got in touch with them about the sale and it was done in a timely matter that suited my needs!”
— Paige, Birmingham
About Any House Wanted
If you need to sell your house fast, we’re here to help. We buy all types of properties in any condition, and any location—for cash with a guaranteed sale and 10% upfront.
Our approach is straightforward—no estate agents, no property chains, no hidden fees, and no delays. Put simply, our goal is to provide UK sellers with a hassle-free house sale, ensuring a stress-free transition to your next chapter.
Learn more about how it works or call us free on 0800 389 7305 today.
