Housing Market Update - December 2025
By December 2025, the UK housing market showed modest price growth alongside growing caution amid a weakening labour market and Budget‑related uncertainty. Sales volumes and mortgage approvals remained resilient, but buyer confidence softened, particularly in higher‑value market segments.
Report summary
The December 2025 update outlines a mixed economic backdrop, with subdued GDP growth, rising unemployment, and falling consumer confidence offset by easing inflation. House price growth edged slightly higher according to Nationwide and Halifax, although Rightmove reported notable monthly asking‑price reductions linked to uncertainty ahead of the Autumn Budget. While transaction volumes and mortgage approvals held above long‑term averages, survey data indicated declining buyer enquiries and listings, pointing to increasing market caution.
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