Published 27th October 2025

Executive summary

• Budget uncertainty is prompting buyers to ‘wait and see’, leading to the first annual decline in sales agreed in two years
• Buyer demand is down 8% compared to last year and sales agreed are down 3% as activity cools – more notable in higher value markets
• House price inflation is steady at +1.3%, with prices flat in
  southern England but rising by more than 2% elsewhere
• More homes for sale (+7%) is giving serious buyers greater choice
• Average time to sell is up to 37 days, c.10% longer than last year
• Realistic pricing is key to securing home sales
• 350,000 homes worth £100bn are progressing through the sales pipeline – the largest in four years

See our London House Price Index and detailed price metrics for 65 cities.