Back to today’s briefing

Story perspectives

UK Property Prices Plunge 1.2%, North East Defies Trend

7/21/2025

50 6

Summary

Story summary

Property prices in Great Britain took a notable plunge of 1.2% in July, averaging £373,709—the steepest seasonal drop in over two decades. This decline stems from an oversupply of homes and improved mortgage affordability. While London faced significant downturns, the North East surprisingly enjoyed a 1.2% rise, hinting at a resilient market ahead in 2025.

1 of 1

Story summary

Property prices in Great Britain took a notable plunge of 1.2% in July, averaging £373,709—the steepest seasonal drop in over two decades. This decline stems from an oversupply of homes and improved mortgage affordability. While London faced significant downturns, the North East surprisingly enjoyed a 1.2% rise, hinting at a resilient market ahead in 2025.