The UK property market showed signs of stabilisation in July. The annual difference in committed sales reduced to 5.2%. Since Easter, this difference had stood at 10% compared to 2025 levels, indicating a slowdown. However, the latest data signals a slight recovery in market activity, giving cause for cautious optimism regarding further developments in the second half of the year.
Regional differences continued to characterise the overall picture. Scotland was the only region to record annual growth in agreed property sales. This regional upturn contrasts with other parts of the United Kingdom and could be attributed to specific local market conditions or higher demand in certain Scottish areas.
Regional Performance and London
In contrast, London remained the weakest-performing region. The metropolis, long considered an engine of the property market, continued to show subdued activity in sales completions. This could be due to a combination of high property prices, rising mortgage rates, and a more cautious stance from buyers and investors in the capital.
Analysts point out that the stabilisation trends in July should not be misunderstood as a comprehensive recovery, but rather represent a decrease in negative momentum. The coming months will be crucial to assess whether this trend continues and extends to other market segments. The current cooling is to be viewed against a backdrop of global economic uncertainty, which also affects the UK property market.
