Movera comment on Property Transaction data

30 September 2025

Mark Tosetti, CEO of CAL (part of Movera), commented:

“A further uplift in non-seasonally adjusted residential property sales is positive, but activity is likely plateau – or worse – from here until we get clarity on what the Autumn Budget has in store. The Zoopla House Price Index highlighted yesterday that demand for homes over £1m is down 11% and properties over £500,000 is down 8%, likely due to speculation about property taxes. While the wider market is steady, new listings for more expensive properties are also down. The closer we get to Reeves’ announcement, the more hesitancy we will see from buyers and sellers alike.

“Brokers and conveyancers must look to make swift progress now for serious buyers unperturbed by budget speculation, as many will still be looking to take advantage of recent mortgage rate cuts. But it will also be important to brace for momentum to pick up quickly once the budget dust settles.