Market Update - June 2026

Net migration is down 48%, house prices are slipping, and construction has hit its lowest point since lockdown. Rob & Rob unpack the biggest property stories of the month - one where the mood and the opportunity couldn’t be further apart.

• (00:40) Why the rental market will feel the migration crash before house prices do
• (04:15) Interest rates are held, but the reason behind it isn’t exactly cheerful
• (05:11) House prices are finally catching up with sentiment, with the north-south gap getting starker
• (11:06) Mortgage rates are coming back down and lenders are cutting aggressively
• (13:05) Why the Government’s housing target is a fantasy
• (16:30) Rent growth’s cooling, so why are professional landlords planning to expand?
• (19:44) Hub Extra

Links mentioned:

• ONS Net migration statistics
• Bank of England interest rates may not need to be increased
• Yubikey security key

House prices:

• Nationwide’s House Price Index
• Halifax’s House Price Index
• Zoopla’s House Price Index
• Savills downgrades house fall

Mortgages:

• Mainstream lenders extend cuts

Planning and supply:

• Planning applications hit record low
• All three categories of construction work fall sharply

Rents:

• ONS private rent and house prices
• Only 1% of professional landlords plan to leave the market

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