19/08/2026
🏠 UK PROPERTY MARKET UPDATE
The UK property market saw an unexpected 11% week-on-week drop in sales agreed in Week 31.
Around 21.8k homes went SSTC, down from 24.7k the previous week.
While some seasonal slowdown is expected in summer, the size of this drop is worth keeping an eye on.
A few other figures from the latest data:
• 767k homes currently on the market
• 13.7% of homes for sale were reduced in July
• Average agreed sale price: £345.41 per sq ft
• Average UK rent: £1,832 pcm
• Rental stock reached 323k properties in July
So, is this simply a summer dip — or could the market be entering a different phase?
For buyers, sellers and landlords, the next few weeks may give us a clearer picture.
What are you seeing in your part of the UK property market?