The average asking price for a house in the United Kingdom was up 2.0 percent on year in May, property tracking website Rightmove said on Monday - easing from the 3.4 percent increase in April.
On a monthly basis, house prices were flat following the 2.9 percent jump in the previous month.
Rightmove attributed the weak numbers to the renewed fears of debt contagion in Europe, as well as uncharitable mortgage rates.
"Perhaps the first-time buyer stamp duty holiday, and the knock-on activity it helped to create, has concertinaed the market's stronger than expected early spring momentum into the first four months of the year rather than the usual six," Rightmove director Miles Shipside said in a release accompanying the data.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.