Landlords in England, Wales, and Northern Ireland will see property-income tax rates rise by a further two percentage points from April 2027. This increase, announced by Chancellor John Healey in the Autumn Budget, is in addition to a two-percentage-point rise previously announced by Rachel Reeves.
e.surv's head of research, Rob Owens, stated that this latest increase will add to the financial pressures landlords are already managing, particularly those facing higher financing costs. He noted that the measures are unlikely to transform the near-term housing market, instead offering more support for first-time buyers and developers.
House price data from e.surv shows that prices rose by 1.9% year-on-year to £333,000 in October. However, prices remained unchanged compared to September and saw a 0.1% fall over the quarter. Annual price growth has eased for several months, following a period of strengthening in 2025 and early 2026.
Across Great Britain, earnings have grown faster than house prices since 2023. London shows the largest disparity, with median full-time earnings growing at over 8% annually since 2023, while house prices have fallen by around 1% a year.
Scotland recorded the strongest annual house price growth at 3.5%, followed by the North West at 3.3% and Yorkshire and the Humber at 3.2%. In contrast, London remained the only region in decline, with prices down 1.3% annually and 1.0% over the quarter.