Overview
- Rightmove reports average new seller asking prices fell 1.8% in November, a £6,589 drop to £364,833, the largest November decline since 2012.
- More than a third of listings (34%) have reduced prices with an average 7% cut, alongside a decade‑high stock of homes for sale that is curbing sellers’ pricing power.
- RICS says buyer enquiries, agreed sales and new instructions weakened further, with surveyors citing Budget speculation as a key factor behind the slowdown.
- Higher‑value segments are under the most pressure, with sales agreed down 13% for £2m‑plus homes and 8% for £500k–£2m, while sub‑£500k sales are comparatively more resilient.
- Hamptons finds newly‑let rents fell 0.5% year on year to £1,399 as renewal rents rose 4.0% to £1,310, and EY Item Club forecasts mortgage lending growth easing to 2.8% in 2026.