23/06/2026
A lot of attention has been given to the news that UK house prices fell in May for the first time this year.
But for buyers, the bigger story isn't actually the house price movement itself - it's mortgage affordability.
While average house prices dipped by 0.6%, mortgage rates have been moving higher in recent months, which can have a much greater impact on monthly payments than a small change in purchase price.
The flip side is that a slower market can create opportunities.
As affordability pressures reduce demand, some buyers may find less competition, more room for negotiation, and sellers who are increasingly willing to discuss price, incentives, or flexibility around timescales.
That doesn't necessarily mean we're heading for a housing market crash.
Most forecasts point towards a softer market rather than a dramatic correction, with price growth slowing and values potentially drifting lower in some areas.
What are you seeing in your local market right now - more competition, or more room to negotiate?