What’s Happening?
- Record July slide: Average UK asking prices fell ‑1.2 % to £373,709—London down ‑1.5 % (‑2.1 % in Inner London), the biggest July drop since 2002. (Rightmove, The Guardian)
- Buyer activity up: Sales agreed are 5 % higher year‑on‑year despite lower prices. (Reuters)
- Rate‑cut buzz: Markets price in a high chance the MPC will trim the base rate on 7 Aug, with analysts forecasting two cuts before year‑end. (HomeOwners Alliance, Bank of England)
- Rental rocket: Average advertised London rent hits £2,712 pcm—another record. (Yahoo Finance)
What It Means for You
Profile | Key Opportunity | Sharpes Action |
Sellers | Price competitively before autumn stock floods the market. | Free valuation + tailored marketing plan (videography, 3‑D tours). |
Buyers | Lower prices + cheaper mortgages if rates fall. | Priority viewing alerts & in‑house mortgage referrals. |
Landlords | Rising rents boost yields; more stock keeps tenants choosy. | Complimentary rental‑yield review & tenant‑match guarantee. |
Thinking of moving or letting? Book a no‑obligation appraisal today—and beat the autumn rush.