How the Autumn Budget May Influence the Housing Market

Today’s Autumn Budget has provided some welcome clarity for the property sector after a prolonged period of uncertainty. While the measures announced are not expected to transform market conditions immediately, they do offer a more defined outlook for both buyers and sellers as we move towards 2026.

Key Points from the Budget:-

Limited impact on most residential buyers For the majority of households — particularly those purchasing homes under £500,000 — no major tax changes were introduced. This should help stabilise sentiment among first-time buyers and movers who have delayed decisions in recent months.

Gradual return of buyer confidence clearer policy direction typically encourages activity, and we anticipate a modest rise in enquiries as buyers reassess their plans. Although market momentum remains steady rather than strong, increased confidence could support healthier transaction levels early next year.

High-value property tax from 2028The government confirmed plans to introduce a new tax on properties valued over £2 million, effective from 2028. While this may temper demand at the top end of the market in the long term, the extended lead-in period allows owners, investors, and landlords time to prepare accordingly.

Outlook for 2026:-

Economic forecasters suggest that inflation and interest rates may stabilise over the coming year. If this materialises, the housing market is likely to benefit from:

• Gradual increases in new instructions

• A more active pool of buyers

• More realistic and sustainable pricing across most property types

• Continued demand within the rental sector

Although significant growth is not expected in the short term, a period of greater predictability could support a more balanced and resilient market.

Our View at Next Move Homes:-

At Next Move Homes, we see the Autumn Budget as a step toward renewed confidence. While conditions remain measured, a clearer policy environment should help both buyers and sellers plan with greater certainty.