"The average price of property coming to the market for sale has fallen by 1.8% (-£6,695) this month to £358,138. Prices usually fall in December, but this year’s price fall is larger than the ten-year average drop of 1.4%. It means that 2025 ends with average asking prices 0.6% (-£2,059) lower than a year ago, with price growth this year strongest in the North West of England (+2.6%), flat in London (0.0%) and lowest in the South West (-2.7%). Budget-related gloom and uncertainty have amplified the seasonal slowdown in prices and activity that we’d usually see in December and indeed contributed to a more subdued second half of the year overall."

"The November 2025 RICS UK Residential Market Survey results continue to portray a subdued backdrop, with metrics on buyer demand and sales volumes still firmly in negative territory. Moreover, forward-looking indicators have yet to suggest any meaningful near-term improvement, with the tone of the data showing no discernible reaction to the recent Budget (three-quarters of the sample was gathered after the event)."

"Turning to house prices, survey feedback continues to point to a gentle decline at the aggregate level, posting a net balance of -16% in November. That said, this is marginally less negative than last month’s -19% and implies the trend may be flattening. Interestingly, regional data shows the net balance in London dropped to -44%, now more negative than in any other part of the UK (with the additional tax on highervalue homes announced in the recent Budget perhaps exerting further downward pressure in the capital). Running counter to the overall picture, respondents in both Northern Ireland and Scotland continue to cite an upward trend in house prices."

"There is a clear north-south divide in price inflation. Average home values are registering modest price falls of up to -0.6% across southern England where affordability and higher buying costs are a drag on prices. Lower house prices in northern England and Scotland mean improved buyer affordability and faster levels of house price inflation of up to 2.9% in the North West. We expect this north-south divide in price inflation to continue over 2026."

Tim Bannister, Property Expert at Rightmove: 4% rise

“More people choosing to make their move in 2025, teamed with lower mortgage rates, could push house prices up by 4% over the course of 2025… The big picture of market activity remains positive… which sets us up for what we predict will be a stronger 2025 in both prices and number of homes sold.”

Amanda Bryden, Head of Halifax Mortgages: 0% to +3% rise

“We expect modest house price growth in 2025, likely a little lower than this year at up to +3%… While further cuts to Bank Rate are still on the cards, the pace looks likely to be more gradual than previously anticipated… buyer demand should continue to hold up well.”

Richard Donnell, Executive Director at Zoopla: 2.5% rise

“The housing market has been resilient… Higher income growth and lower mortgage rates have helped reset housing affordability… We expect this to continue over 2025.”

Lucian Cook, Head of Residential Research at Savills: 1% rise

“Interest rates have fallen as expected, giving buyers a bit more financial capacity than they had a year ago… Greater geopolitical uncertainty… has made predicting the precise path of further cuts more challenging.”

Nick Barnes, Head of Research at Chestertons: 3.4% rise

“Chestertons forecasts that property prices will rise by 3.4% across the UK and 3% in London in 2025, supported by lower mortgage costs, modest but consistent growth for the UK economy and inflation staying around the Bank of England’s 2% target.”