Christmas housing market slowdown has began early, says Zoopla

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Your assist makes all of the distinction. Learn extra The standard housing market slowdown seen within the run-up to Christmas has began early, in response to a property web site.

Demand from house patrons and agreed gross sales are down in contrast with a 12 months in the past, Zoopla stated.

It added that the annual dip has been amplified by a robust ultimate quarter in 2024, when many individuals rushed to finish gross sales earlier than stamp obligation reductions grew to become much less beneficiant in April 2025.

The report stated that uncertainty over the autumn Finances is appearing as a drag on gross sales agreed, notably for properties priced above £500,000.

Some elements of Britain are seeing stronger gross sales than a 12 months in the past, resembling Scotland, Yorkshire and the Humber, the South West and the West Midlands, Zoopla stated.

However Wales, the South East, East of England and London are experiencing a very sharp slowdown in new gross sales being agreed, the web site added.

Home value progress has “just about stalled” throughout southern areas of England, limiting value will increase, Zoopla stated.

However home value progress stays “strong” in areas together with Scotland, Wales and northern areas in England, it stated. Northern Eire has seen home value progress of seven.6%.

The typical time to discover a purchaser for a house is round 37 days, rising to 45 days in London, Zoopla stated.

Whereas the marketplace for new enterprise has began to sluggish, Zoopla estimated there's a pipeline of almost 350,000 properties, valued at over £100 billion, working by means of the gross sales course of.

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It stated that is the most important pipeline in over 4 years, since Could 2021, “when the pandemic growth was in full swing”.

The report stated: “Stability in mortgage charges has introduced extra sellers into the market, lots of whom are additionally patrons, alongside sturdy demand from first-time patrons.”

The web site used its personal knowledge to make the gross sales pipeline estimate for the UK market.

Richard Donnell, government director at Zoopla, stated: “The housing market is experiencing a slowdown in exercise however there are nonetheless critical sellers seeking to purchase properties and safe their subsequent house buy.

“Shopping for a house is a prolonged course of and there are a document variety of properties on the market which implies plenty of patrons in search of their subsequent house. The slowdown is modest and fewer extreme than the affect of the 2022 mini-budget.

“It’s early stage patrons adopting a cautious strategy to new purchases forward of the Finances with larger warning for these shopping for greater worth properties.

“The housing market stays on observe for probably the most housing gross sales since 2022 and home costs are set to finish the 12 months 1% to 1.5% greater than the beginning of 2025.”

Man Gittins, chief government at property agent Foxtons, stated: “Whereas the market has clearly slowed in current weeks, a lot of this displays a pure pause as patrons and sellers understandably take inventory forward of the November Finances.

“As soon as there's larger readability round taxation and financial coverage, we anticipate confidence to return shortly – notably in London, the place underlying demand stays sturdy and well-funded patrons are nonetheless lively. The present slowdown ought to due to this fact be seen as a short lived pause fairly than a basic shift in market dynamics.”

Zoopla’s house gross sales knowledge lined the 4 weeks to October 19 2025, in contrast with the identical interval in 2024. Its home value knowledge went as much as the tip of September 2025.

The index measures the change in home costs when gross sales are agreed, fairly than asking costs.

Listed below are annual home value will increase or decreases throughout the UK in September, in response to Zoopla:

Northern Eire, 7.6%

North West, 3.0%

Scotland, 2.7%

North East, 2.3%

Wales, 2.2%

West Midlands, 2.1%

Yorkshire and the Humber, 1.9%

East Midlands, 1.2%

Jap England, 0.8%

London, 0.1%

South East, 0.0%

South West, minus 0.1%

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