Rightmove PLC Reports Significant Changes in UK House Prices

In a series of recent updates, Rightmove PLC, a leading provider of property listings in the UK, has reported significant changes in the housing market. The company, which operates a comprehensive website listing properties across Britain, also publishes the House Price Index, offering insights into the annual and monthly changes in house prices in England and Wales.

House Prices Decline in July

According to multiple sources, including Rightmove and financial news outlets, UK house prices experienced a notable decline in July 2025. Rightmove reported that asking prices for newly advertised British houses and apartments saw their largest July fall in over 20 years. The average asking prices dropped by 1.2% from the previous month, reaching GBP 373,709. This decline is attributed to a decade-high level of supply, which has limited sellers’ pricing power.

Year-on-Year and Month-on-Month Price Changes

The Rightmove House Price Index revealed a year-on-year (YoY) dip from 0.8% to 0.1% in July, while the month-on-month (MoM) change showed a decrease to -1.2% from the previous -0.3%. These figures indicate a cooling trend in the UK housing market, with prices not only falling on a monthly basis but also showing minimal growth over the year.

Forecast Adjustments

In response to the market conditions, Rightmove has adjusted its house price growth forecast for 2025. Initially predicting a 2% growth, the company has now halved this forecast to 1%, citing an increase in property listings to their highest level since 2015. This surge in listings has provided buyers with more choices, further cooling the market.

Market Reaction

Despite the downturn in house prices, the broader UK stock market has shown resilience. The FTSE 100 index tested a new high, although gains were limited. This suggests that while the housing market faces challenges, other sectors may be contributing to the overall market performance.

Conclusion

The recent developments in the UK housing market, as reported by Rightmove, highlight a significant shift in dynamics, with increased supply and reduced pricing power for sellers. As the market continues to evolve, stakeholders will be closely monitoring these trends to assess their long-term impact on the property sector.