UK house price inflation eases as Budget uncertainty prompts slowdown
By Benjamin Chiou
Date: Wednesday 19 Nov 2025
(Sharecast News) - UK house price inflation eased in September, according to figures from the Office for National Statistics on Wednesday, as uncertainty ahead of the Autumn Budget next week prompted a slowdown in the property market.
Average prices across the UK were £272,000 in the 12 months to September, up 2.6% over the year, following a 3.1% increase over the 12 months to August.
Speculation about potential changes to stamp duty and personal tax rates in the Budget is thought to have prompted many movers to pause housing transactions in recent months as they await further clarity from the Chancellor.
In England, prices were up just 2.0% year-on-year at £293,000, compared with a 2.9% increase the month before. However, house price growth in Wales picked up to 2.7% from 1.8%, sending prices to £209,000, while prices in Scotland were up 5.3% at £194,000, up from 3.9% gain previously.
Across England, London continues to be drag on average prices, with the capital seeing a 1.8% annual drop in prices, being the only major region showing declines.
In contrast, Yorkshire and the Humber, and the East Midlands regions saw year-on-year growth of 4.5% and 3.7% in September, respectively.
The ONS also reported that average UK monthly private rents rose 5.0% over the 12 months to October to 1,360, down from 5.5% growth the month before.
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