UK house price growth slowed to 2.1% in June 2025, down from 3.5% in May, with prices declining by 0.8% month-on-month, after taking account of seasonal effects according to Nationwide.

Northern Ireland remained the top performing area, with annual house price growth of 9.7%. The North was the top performing region in England, with prices up 5.5%, whilst East Anglia was the weakest performing region, with 1.1% year-on-year rise.

Robert Gardner, Nationwide's Chief Economist, said: “The softening in price growth may reflect weaker demand following the increase in stamp duty at the start of April. Nevertheless, we still expect activity to pick up as the summer progresses, despite ongoing economic uncertainties in the global economy, since underlying conditions for potential homebuyers in the UK remain supportive.

“The unemployment rate remains low, earnings are rising at a healthy pace in real terms (i.e. after accounting for inflation), household balance sheets are strong and borrowing costs are likely to moderate a little if Bank Rate is lowered further in the coming quarters as we and most other analysts expect.”