A year of lessons for the property market
2025 has been a year that reminded us all that the property market does not operate in isolation. Politics, global affairs, and banking decisions have continued to shape buyer and seller behaviour, with confidence often rising and falling in response to key announcements. As always, every year brings lessons, and 2025 has certainly been no exception.
How politics and policy shaped the 2025 property market
Over the past 12 months, several key dates played a significant role in influencing transaction levels. Buyer and seller activity tended to ebb and flow around major political and economic events, particularly government budgets.
One clear example was the period leading up to the Spring Budget at the end of March. Many purchasers pushed to complete ahead of the announcement, driven by concerns over potential changes to Stamp Duty Land Tax. When it became clear that SDLT levels for homeowners were not set to change significantly, confidence returned and we saw a strong wave of sales agreed shortly afterwards. This was further supported by a gradual reduction in the Bank of England base rate, which helped stabilise buyer sentiment.
A similar pattern emerged towards the end of the year. Although the proposed property ownership tax for homes valued at £2,000,000 or more is not due to come into effect until 2028, the media attention surrounding the Budget caused some buyers to pause and take a wait-and-see approach. Uncertainty, even when changes are not immediate, continues to influence short-term decision-making.
Strong performance despite market uncertainty
Despite these fluctuations, 2025 has been a highly successful year for the business. Across all branches, we achieved over £200,000,000 in property sales, reflecting continued demand and trust from our clients.
Our Land and New Homes team also received national recognition, winning The Land and New Homes Specialist award at the 2026 Negotiator Awards, held at the Grosvenor in London. This achievement highlights the strength and expertise of a team that continues to grow from year to year.
In addition, our lettings management portfolio has now exceeded 200 managed properties, a major milestone given that the office only opened in spring 2023. This growth underlines the demand for professional, well-managed rental services in the current market.
The outlook for the property market in 2026
Looking ahead to 2026, our focus is firmly on continued growth. We plan to expand our reach further with additional branches, allowing us to support more buyers, sellers, landlords, and developers across the region.
I expect the first six months of 2026 to be more buoyant than the closing months of 2025. With an anticipated further reduction in the Bank of England base rate, many purchasers are likely to feel more confident moving forward. Importantly, there is now greater reassurance that major property tax reforms are unlikely in the short term, removing a key barrier to decision-making.
Yorkshire’s continued strength
Yorkshire was one of the strongest performing regions for capital growth in 2025, ranking second nationally. With its combination of strong local economies, lifestyle appeal, and ongoing demand, I would not be surprised to see this positive trend continue into 2026.
As the market adapts and confidence returns, Yorkshire remains a compelling region for homeowners, investors, and developers alike.
Final Thoughts
As we move into the new year, our priority remains the same, to provide informed advice, clear guidance, and a high level of service in an ever-changing market. We look forward to supporting our clients through 2026 and sharing further insights as the year progresses.
If you’re considering buying, selling, or investing in 2026 and would like clear, honest advice on the current market, get in touch with our team to discuss your plans and next steps.