Rental growth slows to 2.2% as supply rises and demand drops to 6-year low.
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With the Budget uncertainty now lifted, buyers and sellers can return to making decisions about their next move. Removing the threat of a new annual property tax from 210,000 homes for sale will help revive market activity in higher-value areas. However, the lack of any stamp duty reform means homebuyers will continue to face rising purchase costs.
The Chancellor, Rachel Reeves, has unveiled property tax changes in the Budget today as she seeks to plug a reported £20bn hole.
Since October 2020, just under 2.5 million homes across the UK have jumped in value by £100,000 or more. That’s the equivalent of earning at least £55 a day and a striking reminder of how dramatically the housing market has shifted in recent years.
Budget uncertainty is driving a ‘wait and see’ approach for new buyers while committed movers continue to try secure sales ahead of the year end. Realistic pricing remains key for sellers securing a sale.
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Property really can pay off, with home sellers in England and Wales making an average profit of £72,000
The Renters' Rights Bill is set to become law and will bring significant changes to the rental market, making compliance more crucial than ever.
Getting on the property ladder is never easy, but new figures suggest first-time buyers are stepping up with confidence in 2025.
