House prices slightly grow

The average monthly rate of house price growth in November was +0.3%.

Average UK house price annual inflation was 2.5% in the 12 months to November 2025, up from the revised estimate of 1.9% in the 12 months to October 2025.

As a result, the average UK house price currently sits at £271,000.

Islay Robinson, CEO of Enness Global, said, “The latest sold price figures portray a market that has largely stood still and this stands to reason given that this is November data when market uncertainty was peaking ahead of the Autumn Statement.

This impact was particularly prominent across the London market, standing alone as the only region to have seen an annual decline in the rate of house price growth, albeit a short-term monthly uplift.

This is hardly surprising given that it’s London homeowners who were facing the largest potential policy shifts, with rumoured adjustments to capital gains tax, inheritance tax and the non-domiciled regime dampening appetite among high-net-worth and international buyers.”

Verona Frankish, CEO of Yopa, added, “On the face of it, November’s figures are encouraging, with the rate of house price growth up both monthly and year on year. Yes, this rate of growth may be more subdued than usual, but it’s important to note that these figures reflect the market just prior to the Autumn Budget.

With this uncertainty having lifted almost immediately, we’ve seen the market make meaningful progress in the few short months since and this suggests that a far stronger house price performance is on the cards in 2026.”

Damien Jefferies, Founder of Jefferies London, said, “While the national picture shows modest growth, London continues to move at a very different pace, with prices still slipping on an annual basis despite a monthly uplift. This reflects a market that is recalibrating, as buyers remain disciplined and unwilling to stretch while economic and fiscal clarity remains limited.

That said, this more measured environment is helping to reset expectations on both sides. Sellers are becoming more realistic on pricing, while buyers are increasingly alert to value, particularly across fringe-prime locations where long-term fundamentals remain strong.”