A postcode lottery has emerged, based on evaluation from property agent Purple Bricks.
The southeast was the toughest hit by the Price range (Picture: Getty)
Rachel Reeves’ Price range has had a knock-on impact on home costs throughout the UK, with houses in a single space value as much as £27,000 much less. A postcode lottery has emerged, based on evaluation from property agent Purple Bricks.
Information from the Workplace for Nationwide Statistics discovered that the typical residence worth rose to £271,188 in November 2025, a 0.3% (or £854) improve from October’s £270,334. However Purple Bricks found regional variations in worth adjustments. The southeast of England noticed the worst, with residence values lowering by 0.8% to £381,369. The East of England was subsequent, with houses shedding 0.7% to £338,286. Wales noticed values drop by 0.6% to £298,935, and the East Midlands fell by 0.2% to £242,180. The worst-hit space was the Metropolis of Westminster, which noticed a £26,718 lower in home costs to £866,170. Second was Haringey, which noticed a £25,419 lower to £613,428.
The Metropolis of Westminster was virtually £27,000 decreases to worth (Picture: Getty)
Areas which have finished effectively following the Price range embody the northeast, the place common home costs have risen by 1.8% to £166,568.
London noticed the second-highest improve, by 1.3% to £552,258. Yorkshire and the Humber was in third, with a 1.2% improve to £209,236.
The world that did the very best was the Metropolis of London, which noticed a £33,563 improve to £662,392. In second place was Kingston upon Thames, which had a £19,541 to £582,206 vary.
Tom Evans, gross sales director at Purplebricks, mentioned: “After a base fee lower to three.75 % earlier than Christmas and with greater than two years to go earlier than the so-called mansion tax kicks in, we’re assured 2026 will probably be a constructive 12 months for development.
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“And 2026 appears to be like to be a terrific 12 months for first-time patrons, with FCA (Monetary Conduct Authority) plans to simplify mortgage guidelines set to be launched later this 12 months.
“With motion subsequently inspired at each the highest and backside of the market, we consider this 12 months will probably be a constructive one for the UK housing market.”
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