"The upcoming Autumn Budget later this month should provide some clarity. Depending on any new measures related to property taxes or buyer support, we could see changes in market confidence and transaction timing as we head toward 2026"
- Rob Owens - e.surv
Average house prices in England and Wales declined slightly in October, according to the latest e.surv Acadata House Price Index. The report shows a 0.3% monthly fall, bringing the average price to £353,144. Both buyers and sellers are holding back as they await potential policy shifts in the forthcoming Autumn Budget.
Transaction volumes have now stabilised after the effects of previous stamp duty changes worked their way through the system. Market activity is steady but lacks clear momentum.
With wage growth still outpacing house prices, affordability has improved marginally for first-time buyers. Analysts suggest that if the Budget introduces measures to stimulate economic growth, market sentiment could strengthen.
Regional trends show little variation. Modest increases in the North West, London and East Midlands were balanced by slight dips in other regions, leaving overall conditions largely unchanged. The figures suggest a market in equilibrium as participants await fiscal updates.
“Economic uncertainty and anticipation of the upcoming Budget are affecting buyer decisions, especially among those looking for higher-value homes,” explained Rob Owens, head of research at e.surv. “These properties have seen the greatest impact, and any changes to property taxation could further affect owners of expensive homes, including those looking to downsize."
"The upcoming Autumn Budget later this month should provide some clarity. Depending on any new measures related to property taxes or buyer support, we could see changes in market confidence and transaction timing as we head toward 2026.”
