Welcome to LL&Co’s Cornwall Property Market Report for June 2025. We keep a close eye on what’s happening so you don’t have to, whether you’re buying, selling, renting or investing in Cornwall.
UK Housing Market: June 2025 Overview
June brought a noticeable slowdown in house prices across the UK. Nationwide reported a 0.8% drop in average house prices, the biggest monthly fall since November 2022. The average home now costs £271,619, down from £273,427 in May. Annual growth has also cooled, falling to 2.1% from 3.5% the month before.
This shift follows April’s stamp duty increases, which put a dampener on buyer demand.
It’s not the same everywhere, though. Northern Ireland saw the strongest growth at 9.7% year-on-year, while the South West recorded just 0.9%. Despite the slowdown, Nationwide’s chief economist remains upbeat, pointing to low unemployment, rising wages and the potential for interest rate cuts later in the year as reasons for cautious optimism.
UK Rental Market: May 2025 Snapshot
Rents across the UK are still rising, but the pace is starting to slow. ONS data shows the average private rent hit £1,339 in May, up 7% compared to last year. That’s the fifth month in a row where rental growth has eased off slightly (April was 7.4%).
Average rents now sit at £1,394 in England (up 7.1%), £799 in Wales (up 8.5%) and £999 in Scotland (up 4.5%).
Cornwall Property Market: June 2025
House Prices
Cornwall’s market is feeling the same cooling breeze as the rest of the country. The South West as a region saw just 0.9% growth in April, well below the national average.
Higher-value areas like Cornwall are adjusting to the post-stamp duty reality, with buyer appetite softening and sellers adjusting expectations.
Time on Market
We’re still waiting on June-specific stats for Cornwall, but regional data suggests homes are taking longer to sell. More stock, less urgency, and buyers being more cautious all mean longer time on the market.
Cornwall Rental Market: June 2025
There were 475 rental properties listed in Cornwall this June, with 172 added in just the last two weeks. That’s slightly down on May’s total listings but shows a good flow of new stock.
The average monthly rent is now £1,227, just under May’s £1,240. It’s not a big drop, but it hints at rental inflation slowing.
Devon & Cornwall Regional Rent Dynamics
Across Devon and Cornwall, the average rent hit £1,307 in May, up just 0.8% on the year. Seasonal shifts and tight supply are keeping prices steady, and average void periods remain at around 21 days.
In Summary
House Prices: June saw the biggest monthly price drop in over two years. Cornwall’s market is adjusting, with longer sale times and more cautious buyers becoming the norm.
Rentals: The average rent in Cornwall is just over £1,200, with plenty of new listings coming to market, good news for tenants.
Outlook: With the sales market slowing, we may see more people choosing to rent instead of sell. Keep an eye on mortgage rates, if they drop later this year, demand could bounce back.
Want to know more? Get in touch with LL&Co for advice that fits your situation, whether you’re selling, buying, renting or investing.
