Escalating geopolitical tensions have pushed average UK two-year fixed mortgage rates to 5.06%, squeezing borrower affordability and dampening property market activity.

Rightmove has upgraded its 2026 underlying earnings per share growth forecast to at least 7% despite challenging conditions in the UK property market.

British property sellers are cutting asking prices on over 3,000 homes daily, marking a 15-year high as high mortgage costs cool the property market.

Rightmove reports a 104% surge in UK home searches for air-conditioning during a major heatwave as climate-driven discomfort reshapes property priorities.