Insight: The Housing Market - November 2025

In the last part of the year, it’s not unusual to see subdued activity in the housing market. However, the latest Halifax House Price Index reveals a notable rise in average house prices, and a remarkably strong market given the wider economic picture. This is particularly true given that the Budget (set for 26 November) and its anticipated revelations are causing significant stirring and uncertainty. It is likely, however, that many will choose to hold fire until after the Budget, and potentially into the New Year owing for seasonal effects, before making final decisions on their next steps.

While house prices across the nation continue to rise, it’s worth noting that they do so at a slower rate than national average salaries. It’s a complex picture, with other factors coming into play, but if this pattern continues then it’s good news for affordability in the long term.

Here we look at the key data that you need to know, to be informed, both nationally and here in Kent.

The Headline Stats and Facts

• Average selling price: £299,862, representing a +0.6% increase on October.
• Property price increases: Annual rate of growth is up at +1.9%.
• Interest rates: 4%, since August, and remaining steady at the most recent review.
• Inflation: 3.8%, stable but above the Bank of England target of 2%.
• RICS net balance score: RICS data show a subdued market, particularly for sellers. New buyer enquiries recorded a net balance of -19%, agreed sales -16% (an improvement on last month) and new instructions have a net balance of -15%.

Kent-Specific Stats

• Average time on market: Properties in Kent currently spend an average of 161 days on the market, almost identical to this time last year.
• Number of properties for sale: There are 21,384 properties for sale in Kent, down slightly on last month.
• Average selling price in Kent: £434,041, up 1.2% from last month.

What Does This Mean?

Amanda Bryden, Head of Mortgages at Halifax, explains that while there has been some market volatility, as expected, the “market has proven resilient.” This picture of resilience is what entices people to continue to view bricks and mortar as a sensible long-term investment despite affordability concerns. A positive feedback loop continues, and this in turn feeds the resilience characterised by the UK market.

Nonetheless, we cannot escape the wider economic uncertainty. It’s typical for the market to be cooler through the winter months, but it’s also highly likely that many are holding fire in anticipation of the Budget on 26 November. As always, there is considerable speculation around this Budget, but undoubtedly concern over what will be announced, and how it will impact an individual household, is running at a particularly high level this time around.

What About Kent?

For a considerable portion of this year, Kent has lagged behind the national average in terms of property price growth. However, this month we see the data swing the other way. This month there has been a +1.2% increase in the average prices of Kent properties, compared to a national increase of +0.6%. This robust increase shows the strength of the local property market.

Kent, along with the rest of the South East, sits well above national averages in terms of overall prices. However, in terms of how quickly properties are selling and the types of properties selling well, it very much fits in with the national picture.

Your House Move

Moving can be challenging, but we’re here to support you every step of the way. For a seamless moving experience and a quote, please call 01622 672217.