Post-Budget Resilience in the Property Market

Despite recent uncertainty in the run-up to the Budget, many homeowners and buyers are already pressing ahead, with the shift in confidence showing already.

We’re seeing a noticeable uplift in supply at the higher end of the market. According to data from Zoopla and our own recent activity, there are now many more homes coming to market priced at £500,000+. The government’s decision to step back from introducing an annual property tax on homes over £500,000 offers timely reassurance for sellers of properties in this price bracket. With around 210,000 properties currently for sale in this price bracket nationwide, removing the risk of extra charges takes a significant weight off both buyers and homeowners. This renewed clarity is expected to stimulate buyer interest and provide a welcome boost in market activity as we move into early 2026.

Furthermore, the latest data from the HMRC is indicative that activity in the property market remains strong. This is affirmed by our own experience here at Mackenzie Smith, with last October a particularly successful month for sales agreed. According to the HMRC, whilst October’s figures were lower than in 2024, the number of homes sold still rose to 98,450, up 2% on September.

If you’ve been hesitating about whether to put your home on the market, this could be an ideal time to take action. With more homes for sale over £500,000, starting the selling process now means your property will benefit from the added market exposure that this flurry of activity brings and then the rise in online activity over the festive season. All this means that you could have a sale agreed fast, ready for moving in the new year.

Sources

https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary–2#:~:text=than%20September%202025-,Executive%20Summary,higher%20relative%20to%20September%202025.

https://business.zoopla.co.uk/zoopla-house-price-index?utm_source=zoopla&utm_medium=email&utm_campaign=customer_optin_hpi_november_20251128

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