UK house prices rise despite budget tax fears, says Nationwide
‘Mansion tax’ announced by Rachel Reeves will have limited impact on property market, building society saysBusiness live – latest updatesUK house prices rose last month despite uncertainty before the budget, according to Nationwide, which predicted that the newly announced “mansion tax”...
<p>‘Mansion tax’ announced by Rachel Reeves will have limited impact on property market, building society says</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/dec/02/ai-valuations-risk-financial-stability-bank-of-england-stock-markets-house-prices-business-live-news-updates">Business live – latest updates</a></p></li></ul><p>UK house prices rose last month despite uncertainty before the budget, according to Nationwide, which predicted that the newly announced <a href="https://www.theguardian.com/uk-news/2025/nov/29/rachel-reeves-mansion-tax-wealth">“mansion tax”</a> would have a limited impact on the housing market.</p><p>The UK’s biggest building society said the average house price rose 0.3% month on month in November, higher than a 0.1% increase predicted by economists polled by Reuters. The average price of a home was £272,998, up from £272,226 in October.</p> <a href="https://www.theguardian.com/money/2025/dec/02/uk-house-prices-rise-budget-tax-fears-nationwide-november">Continue reading...</a>
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