UK residential property prices tracked by the Rightmove House Price Index fell by 0.6% month-on-month in June 2026, reversing the 1.2% increase recorded in May. The latest figure, updated on 14 June 2026, marks a notable shift in momentum after last month’s rise.
The index is measured on a month-over-month basis, meaning June’s decline reflects how prices changed compared with May, while the previous 1.2% reading showed how May’s prices compared with April. The move from a solid positive rate in May to a negative reading in June suggests that sellers may be adjusting asking prices in response to softer demand or increased supply, although the data release does not specify underlying drivers.
With the swing from +1.2% to -0.6% in just one month, market participants will be watching upcoming readings closely to determine whether June’s drop is a brief correction following May’s strength or the start of a more sustained cooling in UK housing market conditions.