Story perspectives

Buyer Demand Dips, But Mortgage Rates Spark Recovery

5/19/2025

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Summary

Story summary

Rightmove's House Price Index reports a slowdown in buyer inquiries in April due to higher stamp duty in England.
Early May data suggests a rebound, driven by falling mortgage rates.
April experienced a 4% year-on-year drop in buyer demand, marking the first decline of 2025.
Year-to-date demand remains 3% above 2024 levels, with sales increasing by 5% year-on-year.
Rising wages over 5% and better mortgage affordability create favorable market conditions for buyers.

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Story summary

Rightmove's House Price Index reports a slowdown in buyer inquiries in April due to higher stamp duty in England.
Early May data suggests a rebound, driven by falling mortgage rates.
April experienced a 4% year-on-year drop in buyer demand, marking the first decline of 2025.
Year-to-date demand remains 3% above 2024 levels, with sales increasing by 5% year-on-year.
Rising wages over 5% and better mortgage affordability create favorable market conditions for buyers.