House prices stall as new sellers appear | Winston Solicitors Skip to main content
Legal news

House prices stall as new sellers appear

Jonathan Winston Jonathan Winston
2 min read

New research has shown that house prices were pegged back in June as more new people wanting to sell properties came into the market.

The research, from property website Rightmove, showed that the price of a property in England and Wales rose just 0.3% in the five weeks to June 12, compared to 0.7% the previous month and the 2.6% rise seen in April.

The month saw 22% more people putting their homes on the market with the disproportionate rise seen as attributable to the abolition of Home Information Packs (HIPs). However there has been a slowdown in the number of potential buyers with some investors cautious about the impending rise in capital gains tax announced in the Budget.

The small rise in property prices is not reflected throughout the country. While Greater London saw a rise of 2.2%, prices fell by over 3% in the West Midlands and 1.6% in Yorkshire and Humberside.

Mike Shipside, commercial director at Rightmove said: “The continuing mortgage famine has now been joined by a surge in sellers following the abolition of HIPs and investor reticence driven by rumours of CGT increases. Together these factors are likely to put an end to this year’s recovery in house prices.”

A separate survey, from Moneyfacts, revealed that the average cost of a two-year fixed term mortgage has fallen to its lowest level in nearly seven years. Interest rates on such deals have fallen since August last year to an average of 4.52% today.

More Winston Solicitors news

Client feedback

Having used Winston Solicitors twice, once for the sale of a house and also for Probate. Both experiences were very good, and will be using again when the need arises.
Mike
Thank you for everything ! Excellent service & a pleasure to deal with. Would highly recommend. - July 2025
A Woodhead, Bradford
Thanks for your help, friendliness clear and prompt communication, it gave us confidence and helped the legal aspect of our process feel in a safe pair of hands. - July 2025
L Whitaker, Leeds
Overall, the service we have received has been excellent. We would highly recommend you to others. We will definitely use you again. - July 2025
D Wilkinson, Leeds
I was recommended Sidraa Razak, Winston solicitors for my house conveyancing. I found the service I received was excellent. Sidraa and Tom were communicative, responsive, and thorough. I found them friendly and supportive throughout the ups and downs of what can be a stressful time. Thank you
Diane
Very happy with the service
Jonathan
We used Wintson Solicitors for the purchase of our first home. The process was well explained and done quickly by Michelle. The rest of the team were also really quick to answer and help when Michelle was not available.
Anonymous
I decided to use Winston Solicitors's by recommendation from a work colleague who was impressed by their service. I was selling and buying a property and the the whole process was extremely efficient, and not at all as stressful as I had imagined it to be. Emails were quickly responded to and any queries by phone were answered straight away. Big thanks to Leasa and the team for their excellent service.
Anonymous
Contact Jonathan