What Has Changed for the Property Market Following Today’s Budget?

Fri 28 Nov 2025

The most significant development today is simply the end of the speculation. For weeks there has been uncertainty over what the Budget might contain for the property market, and that uncertainty alone often does more to unsettle activity than any actual policy announcement.

Stamp Duty
There are no changes to Stamp Duty. Many were concerned about possible adjustments—or even a short-term stimulus followed by a cliff-edge deadline, which can create more disruption than benefit. The status quo will be welcomed by most buyers and sellers.

Property Taxes
There are no new direct property taxes affecting the vast majority of homeowners.
The only exception is a new levy coming in from April 2028, and that will apply solely to properties valued at £2m or above—fewer than 1% of homes.

Interest Rates & Mortgage Market
For most people, it’s now “business as usual.” Buyers will continue to watch for the next base-rate reduction and the improvements to mortgage rates that should follow.

Landlords
The unexpected twist is a 2% increase in tax for landlords, which many will find surprising and, in some cases, frustrating.

Market Sentiment
Despite the rumour mill, the market has remained resilient. Sellers who have priced sensibly and taken good advice have continued to secure sales and move forward with their plans.

If you’d like a deeper breakdown of today’s announcements or what they mean for your specific situation, we’d be happy to help.