The UK housing market continued to shift in favour of buyers throughout May, as transaction levels softened slightly and supply continued to outweigh demand in many areas. While headlines may focus on small percentage changes, the underlying story is far more significant.

The Bank of England has once again opted to hold its base interest rate at 3.75%, marking the fourth consecutive pause in monetary policy. While widely expected, this latest decision carries significant implications for homeowners, landlords, buyers and sellers across the UK property market.

Andy Burnham is facing increasing pressure to support the introduction of new council tax bands for higher-value homes. These proposals are part of a wider effort to modernise a system many believe no longer reflects today’s property market.

August does not have to be a quiet month for your property search. With the right financial preparation and viewing strategy, summer buyers can uncover opportunities others may miss.