Asking prices fall £6,590 ahead of Autumn Budget – what does it mean for you? 

The average new seller asking price for British properties fell by 1.8% or £6,589 in the month to November 2025, according to property portal Rightmove.

It’s the biggest fall recorded for this time of year since 2012.

The drop in asking prices comes amid concerns around the UK Autumn Budget Announcement on 26 August 2025.

Chancellor, Rachel Reeves, is rumoured to be considering changing the taxes people pay when buying and selling properties, such as Stamp Duty.

Although asking prices tend to fall in the month of November, the average monthly drop has steadied at 1.1% over the last 10 years, according to Rightmove.

Currently, the average new seller asking price stands at £364,833 in November 2025 compared to £371,422

The table below shows the difference between average asking prices.

Who is most affected? 

Homeowners at the “top of the ladder” are most affected by the dip in asking prices.

This includes households with a house or flat with five bedrooms or more as well as four-bed detached houses.

The table below shows how asking prices varied between first-time buyers, second-steppers and those at the top of the ladder.

Which region is most affected?

Properties in Scotland were most affected by the month on month fall in asking prices.

The average asking price for the region fell 3.2% to £194,037 in the month to November 2025.

Asking prices for homes in the South West fell 2.7% to £467,271, the second largest fall.

While homes in the South West experienced the third largest fall of 2.5%, taking the average asking price to £370,853.

The map below shows how the average asking price has changed for each region.

What should you do?

While it can be tempting to try and time the market, things change all the time.

So whether you’re a buyer or seller, the best move to make with your home depends on your circumstances.

For sellers, it’s important to consider whether you’re getting the best value for your home before proceeding with a sale.

For buyers, the best time to purchase a home is when you’re financially prepared and find the right property for your needs.

If you’re a first-time buyer, building up enough to cover your housing deposit, legal fees and other moving costs is essential.

Try to maximise your savings using a Top-Paying Savings Account, Cash ISA or Stocks and Shares ISA.

Depending on the value of the property you’re looking to buy, a Lifetime ISA could help you build up funds too.

Check out our podcast episode on The Truth About Buying a Home for more tips.