Industry reacts to latest government house price figures
Islay Robinson, CEO of Enness Global, commented: “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, commented: “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, commented: “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.”
Director of Benham and Reeves, Marc von Grundherr, commented: “The latest figures show that the UK property market has continued to move forward, with both monthly and annual growth remaining in positive territory despite a backdrop of political and economic uncertainty and this resilience was a defining feature of the market throughout 2025.
London may be trailing other regions in percentage terms, but even modest movements in the capital translate into far more meaningful sums in real terms. While major fiscal events like the Autumn Budget inevitably cause hesitation, history shows the market repeatedly absorbs these shocks, and there is every chance the removal of this uncertainty will now help support activity in 2026.”