The five facts hitting the UK housing market hardest in the last seven days.
- Nationwide index price slips. Over half of properties in the owner occupier sector are classified as ‘underoccupied’ – https://www.nationwide.co.uk/media/hpi/reports/annual-house-price-growth-softens-in-august-1
- Budget announced for 26 November heralding 12 weeks of uncertainty. The late timing gives less time for households and businesses to plan for any tax changes scheduled for the new financial year that begins in April. https://x.com/hmtreasury/status/1963158743312474208
- Poorest households squeezed most by rising inflation, hurting affordability https://www.bloomberg.com/news/articles/2025-08-28/poorest-households-squeezed-most-by-fresh-surge-in-uk-inflation
- 20% of agreed deals fall through as property taxes panic from budget uncertainty sweeps the market https://thenegotiator.co.uk/news/uk-housing-market-news/estate-agent-loses-20-of-sales-following-property-tax-panic/
- Jobs are being cut at fastest rate since pandemic, says Bank of England. In August, the Decision Maker Panel survey asked firms about the margins of adjustment to the changes in employer National insurance contributions (NICs) implemented in April 2025. Firms were allowed to select more than one option. 66% of firms reported lowering profit margins. 34% raising prices. 46% lowering employment. 20% paying lower wages than they otherwise would have done. https://www.bankofengland.co.uk/decision-maker-panel/2025/august-2025
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