Asking prices fell 1.8% between October and November, contributing to a 0.5% annual drop.

While the UK housing market continues to register price increases on an annual basis, momentum is modest and monthly movement remains negative in many regions.

London’s property market appears to be stabilising, with new data suggesting it has reached the bottom of its current cycle and may be nearing a turning point.

House prices fell by -0.10% on average in the month following the last seven major economic statements.

Over a third of homes on the market have had their asking prices reduced, with an average drop of 7%.

October saw 7% more properties entering the market than the same month in 2024, with the largest increases in the East Midlands, Wales, and West Midlands (all up 11%).

A ‘Wait and see’ mood is shaping activity before this month's Budget announcement

Average house price in Scotland reached £233,081 in September, up £2,000 (0.9%) from August.

Homes close to Britain’s major military towns can command a significant price premium, according to research from eXp UK.

Northern Ireland led the UK with annual growth of +8.0%, reaching £219,646.