{"id":14483,"date":"2025-06-19T01:36:30","date_gmt":"2025-06-19T01:36:30","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?p=14483"},"modified":"2025-06-19T01:36:30","modified_gmt":"2025-06-19T01:36:30","slug":"uk-house-prices-see-sharpest-decline-in-4-years-industry-experts-react","status":"publish","type":"post","link":"https:\/\/lotayamedia.xyz\/?p=14483","title":{"rendered":"UK House Prices See Sharpest Decline in 4 Years \u2013 Industry Experts React"},"content":{"rendered":"<h2><strong>Steepest Monthly Drop Since 2021 as Stamp Duty Holiday Ends<\/strong><\/h2>\n<p class=\"ds-markdown-paragraph\">UK house prices have fallen at their\u00a0<strong>fastest pace in four years<\/strong>, with the\u00a0<strong>average property price dropping by 2.8%<\/strong>\u00a0between March and April 2025, according to the\u00a0<strong>Office for National Statistics (ONS)<\/strong>. The decline\u2014the steepest since July 2021\u2014follows the end of the\u00a0<strong>temporary stamp duty cut<\/strong>, which had previously boosted market activity.<\/p>\n<p class=\"ds-markdown-paragraph\">The\u00a0<strong>average UK house price<\/strong>\u00a0now stands at\u00a0<strong>\u00a3265,000<\/strong>, with regional variations:<\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>North East<\/strong>\u00a0saw the\u00a0<strong>highest annual growth (6.4%)<\/strong><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>South West<\/strong>\u00a0recorded the\u00a0<strong>lowest increase (0.9%)<\/strong><\/p>\n<\/li>\n<\/ul>\n<h2><strong>Industry Reaction: Is This a Temporary Correction or a Long-Term Trend?<\/strong><\/h2>\n<h3><strong>Nick Leeming, Jackson-Stops Chairman<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;April\u2019s price dip reflects the post-stamp duty slowdown, but buyer confidence remains in key lifestyle markets like Cornwall, Exeter, and Sevenoaks.&#8221;<\/em><\/p>\n<h3><strong>Jonathan Handford, Fine &amp; Country MD<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;Prices edged higher in April, showing resilience despite affordability pressures. However, first-time buyers still struggle with high mortgage rates and deposit requirements.&#8221;<\/em><\/p>\n<h3><strong>Tom Bill, Knight Frank Head of Research<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;The market is recovering from the stamp duty cliff edge, but oversupply is keeping prices in check. Another tax uncertainty in the autumn Budget could disrupt momentum.&#8221;<\/em><\/p>\n<h3><strong>Verona Frankish, Yopa CEO<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;The 2.7% drop is a correction\u2014many buyers who missed the deadline renegotiated prices to offset higher stamp duty costs.&#8221;<\/em><\/p>\n<h3><strong>Jean Jameson, Foxtons Chief Sales Officer<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;After a strong Q1, May was about rebuilding activity. Seller and buyer engagement is steady, setting a solid foundation for summer.&#8221;<\/em><\/p>\n<h3><strong>Marc von Grundherr, Benham and Reeves Director<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;Monthly declines are expected post-stamp duty, but annual growth shows the market\u2019s underlying strength.&#8221;<\/em><\/p>\n<h3><strong>Chris Little, Finova Chief Revenue Officer<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;Demand remains steady despite tax changes, supported by buyer savings and sustained appetite for homeownership.&#8221;<\/em><\/p>\n<h3><strong>Richard Donnell, Zoopla Research Director<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;Price growth will slow further in 2025 as buyers gain more choice, creating a buyer\u2019s market. Northern regions will outperform the South.&#8221;<\/em><\/p>\n<h3><strong>Babek Ismayil, OneDome CEO<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;The market is rebalancing after the stamp duty rush. Modest annual growth (3.5%) reflects a natural cooling effect.&#8221;<\/em><\/p>\n<h3><strong>Iain McKenzie, The Guild of Property Professionals CEO<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><em>&#8220;The slowdown is a rebalancing, not a crash. With steady demand and improving affordability, the market remains strong for 2025.&#8221;<\/em><\/p>\n<h2><strong>What\u2019s Next for the UK Housing Market?<\/strong><\/h2>\n<p class=\"ds-markdown-paragraph\">While the\u00a0<strong>post-stamp duty slump<\/strong>\u00a0has caused a\u00a0<strong>short-term dip<\/strong>, experts believe the market remains\u00a0<strong>resilient<\/strong>. Factors like\u00a0<strong>mortgage rates, supply levels, and future tax policies<\/strong>\u00a0will shape whether this decline stabilizes or deepens.<\/p>\n<p class=\"ds-markdown-paragraph\">For the latest\u00a0<strong>UK property market trends<\/strong>,\u00a0<strong>house price forecasts<\/strong>, and\u00a0<strong>first-time buyer advice<\/strong>, stay tuned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steepest Monthly Drop Since 2021 as Stamp Duty Holiday Ends UK house prices have fallen at their\u00a0fastest pace in four &#8230;<\/p>\n","protected":false},"author":1,"featured_media":14484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-14483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14483"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14483\/revisions"}],"predecessor-version":[{"id":14485,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/14483\/revisions\/14485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/14484"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}