House prices increased by 0.3% between October and November

Nationwide House Price Index for November 2025 shows that house prices increased by 0.3% between October and November of this year.

On an annual basis, the average house price increased by 1.8%, down from a 2.2% annual rate of growth in October.

As a result, the average UK house price now sits at £272,998.

Robert Gardner, Nationwide’s chief economist said, “Looking forward, housing affordability is likely to improve modestly if income growth continues to outpace house price growth as we expect.

“Borrowing costs are also likely to moderate a little further if (the Bank of England base rate) is lowered again in the coming quarters.”

Director of Benham and Reeves, Marc von Grundherr, said, “The fact that house prices posted positive monthly growth in November, even with intense Budget speculation hanging over the market, shows just how stable and resilient conditions have remained throughout 2025.

“This suggests the early formation of a late-season surge that often materialises as buyers and sellers push to put their plans to move in motion ahead of the New Year.”

Shepherd Ncube, CEO of Springbok Properties, added, “Despite a surprise monthly increase in the rate of house price growth, wider market conditions remain tough and the Autumn Budget has done nothing to help negate this fact.

“The market has been in a state of pre-Budget paralysis for many months and with the Government doing little to change this, we can expect the property market to limp to the finish line and start 2026 on the backfoot.

“Transaction timelines are likely to remain slow and frustratingly unreliable. For sellers who need to progress their plans in 2025 or early 2026, the risk is clear: delays will continue, and many will find themselves having to accept below-market offers if they want any chance of completing.”

Guy Gittins, CEO of Foxtons, said, “The latest Nationwide figures show that, despite the uncertainty surrounding the Autumn Budget, the market has remained resilient.

“With Budget-related uncertainty now behind us and no changes to property taxes for the vast majority of the market, confidence is expected to rebuild as more households feel ready to resume their moving plans over the coming months.

“As we head into the New Year, the outlook is encouraging. Underlying demand remains strong, and this should help support activity as buyers and sellers re-engage.”

Verona Frankish, CEO of Yopa, added, “A monthly increase in property values between October and November demonstrates just how robust the housing market has been, during a year that has been anything but settled when taking a wider view of the economic landscape.

“Buyers remain engaged, market activity is holding firm, and the market continues to move forward.

“Annual price growth remains consistently positive, which is the clearest indication of long-term market strength. Although the Budget offered little direct support, 2025 has proven that the market can perform strongly under its own momentum, leaving us well positioned as we move into 2026.”