Savills now expects the mainstream UK market to advance by 1% in 2025, a marked revision from the 4% it held previously. The firm points to the lingering drag from stamp duty, a softer macro backdrop and the customary pre-Budget caution that tends to thin transactional conviction ahead of fiscal announcements. Still an upward movement, if rather conservative is hopeful.
Government Budget 2025
The Budget once again introduces a policy overhang.
The annual ritual of second-guessing potential tax changes is already lifting hesitancy.
Notwithstanding the slower gradient, headline values remain close to all-time highs. The average UK property now stands at £270,000 per Land Registry data released 17 September, roughly £8,000 higher year-on-year.
On the data itself:
Five or so indices monitor UK price movement, but Land Registry remains the reference series given its inclusion of both mortgage and cash transactions. Its only material weakness is latency, the six-week delay means lenders such as Nationwide or Halifax can offer a timelier (if narrower) read on present trend.For granular context, the ONS “house prices in your area” interface which also draws on Land Registry remains the most practical way to view movement at borough or local-authority level.
