Over the last 12 months the average sales price in Bristol was £368,824.
(July week 2)
May 2025
Prices
New seller asking prices drop by 0.3% (-£1,277) this month to £378,240. This is an unusual dip for June, as new sellers lower their price expectations amid decade-high competition to secure buyers.
“It appears that we’re now seeing the decade-high level of homes for sale, and the recent stamp duty increases in England, have a delayed impact on new sellers’ pricing. Prices have fallen this month after the new records set in April and May. Agents have been telling us that sellers need to set a competitive price to have a better chance of finding a buyer in the current market, and it looks like many are listening and responding to that message. Such realistic pricing will remain key in the coming months.” (Rightmove)
The number of homes for sale has grown most quickly across southern regions of England, boosting choice.
There are 21% more homes for sale in the South West compared to a year ago, with 17% more in London and 15% more in the South East.
July 2025
The Office for National Statistics (ONS) has released its latest Price Index of Private Rents (PIPR) and House Prices Index (HPI), which analyse changes to average rents and house prices across the United Kingdom.
The headline figures:
Average UK monthly private rents increased by 6.7%, to £1,344, in the 12 months to June 2025 (provisional estimate); this annual growth rate is down from 7.0% in the 12 months to May 2025.
Average rents increased to £1,399 (6.7%) in England, £804 (8.2%) in Wales, and £999 (4.4%) in Scotland, in the 12 months to June 2025.
Market outlook for 2025 and beyond. Cautious optimism.
Looking ahead, the consensus among property market experts is for steady, modest growth rather than any dramatic swings. After the slight dip in momentum recently, Bristol’s housing market is expected to gently pick up pace through late 2025.
Mortgages
The average two-year fixed mortgage rate has fallen to its lowest point since the start of September 2022, before the ‘mini-Budget’.
The availability of product choice grew further, and the average shelf-life of a deal fell.
Interest Rates and Mortgage Costs
Several major lenders, including Barclays, Nationwide, Lloyds, Halifax, HSBC, and Virgin Money, have lowered their mortgage rates.
We hope that was useful and informative. As always, our teams are here to help, get in touch with any questions about your local property market.
If securing a new mortgage or arranging a re-mortgage is important for you right now, click here to book an online consultation, our mortgage brokers are independent, and their services are free to you.
Finally, if you are (understandably) confused by some of the mixed market reporting, not least by some of the more sensational news reporting each month, click here for some independent insight into how House Price Indexes are compiled.
Sources: Rightmove, Zoopla, On the Market, Dataloft by Price Hubble, Land Registry, ONS National House Price Index, DLUHC.