Rightmove: UK asking prices hit record high but Britain enters buyers market

Rightmove's latest HPI report shows higher property taxes stifling the spring selling season meaning we're entering a buyers' market.

model of a house next to coins
(Image credit: Getty Images/sakchai vongsasiripat)

The housing market appears to still be recovering from the stamp duty rush, as new data from Rightmove shows a more subdued spring market.

Spring is usually a busy season for selling a property, but the market already faced a rush of activity during the first quarter of 2025 as buyers looked to complete deals before stamp duty thresholds dropped. This meant house prices rose at the start of the year but demand has since slowed, pushing down asking price growth.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.