Housing market in sharp decline

Britain’s housing market has slowed sharply amid speculation that Rachel Reeves may scrap stamp duty and council tax in favour of an annual property tax. The Royal Institution of Chartered Surveyors (Rics) reported falling buyer inquiries, fewer agreed sales, and initial price declines, with East Anglia and southwest England hardest hit. Estate agents say negative media coverage is unsettling buyers and sellers alike, with new instructions also down. Overall, agents expect subdued activity until after November’s budget, though some forecast modest price recovery within a year. Affordability remains a challenge: just 12% of UK homes are priced under £150,000, with Croydon, Sunderland and Aberdeen among the few entry points for budget-conscious buyers. 

Daily Mail (11/09/2025)   The Standard (11/09/2025)   The Times (11/09/2025)