The UK property market is stalling ahead of the forthcoming Autumn Budget, with buyers and sellers holding off on transactions, according to Winkworth.
Winkworth Chief Executive Dominic Agace compares the Budget’s effect to a general election, saying policy uncertainty has put the brakes on activity across a number of areas.
According to Winkworth, sales activity in Q3 reflected a more measured market, with buyer interest rising but decisions increasingly dependent on accurate pricing and quality stock, according to the latest research report.
One-bedroom homes accounted for nearly four in every ten completions in prime central London, up significantly on last year, highlighting the growing importance of compact, needs-driven purchases in underpinning the market.
By contrast, larger family homes—particularly at higher price points—faced more resistance and longer pipelines, often requiring deeper price adjustments before deals could proceed. While many sellers remained motivated, aligning on price was frequently the key factor determining whether transactions moved forward.
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