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Published: 17 November 2025

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Prime London values fall while buyers and sellers wait for Budget changes Pre-Budget speculation continued to have an adverse impact on the prime London sales market in October, with values, new instructions and sales all falling. This is in stark contrast to last October where the opposite happened and deals were brought forwards ahead of the Budget, making annual comparisons appear significantly more negative. Average values across prime London fell by 5.8% on an annual basis in October and were 4.9% below their pre-pandemic (2017-2019) average level. This was the biggest annual decrease since February 2024. The average discount from initial asking price decreased to 9.3% in October compared to 10.7% in September

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Published: 10 November 2025

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Q3 often provides a difficult set of results to interpret, with a quiet July and August typically followed by a flurry of activity as agents, buyers and sellers return from their summer breaks. But this year there was little sign of a September surge. Almost all the key data metrics paint a downbeat picture for the sales market. Adding speculation around tax rises to an already fragile property market in a weak economy is not a good recipe, and activity in recent months has reflected that.

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Published: 16 October 2025

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Rates remain flat but underlying swaps have reduced enough in recent days to suggest that some minor cuts may be on the way in the short term. On a medium to long term horizon, could there be a muddier interest rate outlook than the one we have now? If Andrew Bailey was headmaster to his students on the MPC, he would likely haul them into his office for the mismatched communications they are currently delivering to the market. An old critique of the MPC was a group think mentality where the in-vogue consensus was not challenged, boy are we a long way from that now. In the press and on the university talk circuit the hawks and doves do battle on a near daily basis, with the hawks calling for us to hold steady on maintaining rates where they are for fear of further inflation and the doves insisting the economy is heading for a crunchy landing without further cuts. While we would encourage robust debate in private, the public lobbying only serves to confuse markets and reduce certainty, which in the context of another totemic budget on the horizon, creates discomfort for many.

(Harry Arnold, Director at Anderson Harris)

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Published: 25 September 2025

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Please see attached our rate sheet showing the most competitive deals in the UK mortgage market as of this morning. While the rate market remains hard to read, we have seen some very gentle increases in rates across all LTV brackets, however I can confirm that at this time, there is no need for hoarding cans of baked beans. With UK inflation forecast to be the highest in the OECD, at the same time as Andrew Bailey leaving the door open for further cuts if inflation compounds expectations and the job market continues to cool, it remains anyone’s guess as to where rates go from here. With so many ‘trial balloons’ released by Treasury coms relating to changes to property related taxes, it is of no surprise that both the mortgage and property market seem to be stuck in a crouch position awaiting the outcome of the budget. Once we know the details of any tax and spending changes, for better or for worse both markets will likely start to move in one direction or another.

(Harry Arnold, Director at Anderson Harris)