Property Prices Drop by £6,700 Due to Budget Uncertainty
Update: 2025-12-15
Description
Property sellers have significantly reduced asking prices by an average of six thousand seven hundred pounds due to budget uncertainty, leading to a one point eight percent decrease in average asking prices to three hundred fifty-eight thousand one hundred thirty-eight pounds. Rightmove predicts a further zero point six percent decrease by the end of two thousand twenty-five, driven by Rachel Reevess budget. A survey shows that nearly one-fifth of potential home-movers were waiting for the budgets outcome. Despite uncertainty, theres optimism for a market boost starting from Boxing Day and potential positive news from the Bank of England.
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