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UK House Price Index – June 2023

Research and Insight June 2023
Top insights
Executive summary
+ 1.2 %

Annual UK house price inflation

42 %

Sellers accepting discounts of more than 5% off the asking price

- 19%

Hit to buying power from mortgage rates rising from 4% to 6%

“Falling mortgage rates over H1 2023 boosted sales and led to firmer prices. This is set to reverse in H2 as higher mortgage rates hit buying power at a time when sellers are having to accept larger discounts to asking prices."

Richard Donnell Executive Director - Research
Above average sales and supply but fewer buyers in market