October 2025: Is this the calm before the budget?
When it comes to the property market at the moment, one word sums it up perfectly — stable.
Despite uncertainty in the wider world, the UK housing market, particularly across the North of England, is showing impressive resilience and balance. In this month’s update, we’ll explore what this stability means for buyers, sellers, and investors — and what to watch for in the months ahead.
What’s Changed in the Market?
It’s rare in property to say that no big news is actually good news — but that’s exactly the case right now.
House prices have seen modest growth of around 2–4% so far this year, depending on which index you follow. But with inflation sitting at roughly 3.8%, that growth is essentially neutral in real terms — meaning house prices are holding firm rather than rising sharply.
In other words, the market is stable, and that’s no bad thing.
Why a Stable Market Benefits Buyers and Sellers
While the post-COVID boom years brought soaring demand and fast-paced sales, those conditions often made moving stressful and unpredictable. Today’s steadier environment offers something much more sustainable — a market where:
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Buyers can make considered decisions without feeling rushed.
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Sellers can plan their next move confidently, knowing they’ll find willing buyers.
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Estate agents can focus on providing expert advice and quality service rather than chasing rapid fluctuations.
Budget 2025: The Cloud on the Horizon?
Of course, no market is completely free of uncertainty. The upcoming Autumn Budget, expected at the end of November, is the big question mark looming over the sector.
Key areas to watch include:
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Stamp Duty changes – could we see new incentives or higher thresholds?
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Inheritance Tax adjustments – always a politically charged topic.
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Capital Gains and landlord taxation – further changes could impact the buy-to-let market.
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Potential wealth taxes – although less likely, any new introduction could affect investor confidence.
Looking Ahead
Even with potential fiscal changes on the horizon, the current outlook remains positive. Buyer interest is steady, sales pipelines are strong, and market confidence is holding up well across our region.
So while some may wait to see what the Budget brings, the majority are continuing with their moving plans — a clear sign that the Northern property market remains strong, balanced, and reliable.
Stability might not sound exciting, but after years of turbulence, it’s exactly what the UK property market needs. A period of calm allows buyers, sellers, and agents alike to make confident, informed decisions — and that’s great news for everyone involved.
Stay tuned for our next Property Market Update, where we’ll break down the Budget’s impact and what it means for you.
