Williams Estate Agents quick budget takeaway for the property market.
It looks as though most property in Herefordshire will not be affected by the budget. Although there was little to stimpulate or take the pressure of homeowners. Here are the first main take aways from todays budget.
UK Budget 2025: What It Means for the Property Market
A quick, punchy breakdown of the key changes hitting UK housing
1. New “Mansion Tax” for £2m+ Homes
Annual surcharge on properties over £2 million.
Higher tiers for £2–2.5m, £2.5–5m, and £5m+.
Starts being collected from 2028.
Aimed at wealthier homeowners and second-home owners.
Could cool demand at the top end of the market.
2. What This Means for the Market
Buyers and sellers holding back — general market uncertainty.
Asking prices fell 1.8% in November as people waited for Budget clarity.
High-value sellers may face reduced demand and softer offers.
Expected slowdown in the luxury sector.
3. First-Time Buyers: The Good & The Meh
Good News
Mortgage Guarantee Scheme made PERMANENT — 5% deposits remain available.
Helps FTBs with smaller deposits access the market more reliably.
What’s Missing
No new Stamp Duty reliefs or incentives for FTBs.
Help to Buy may return, but wasn’t confirmed in the Budget.
Affordability still ruled by mortgage rates & monthly repayments.
4. Housebuilder Stocks on Budget Day
Here’s how three major UK housebuilders reacted:
Company 
Ticker 
Price 
Day Change
Barratt Redrow BTRW 397.75p +0.76%
Bellway BWY 2,840.00p +0.85%
Berkeley Group BKG 3,855.00p +0.36%
Takeaway:
Housebuilder sentiment stayed positive, suggesting investors see stability in development demand, even with tax changes at the top end.
5. What This All Means
FTBs benefit a little — more certainty on 5% deposit mortgages.
Mid-market homes: little direct impact but may see softened demand.
High-end sellers: expect lower appetite due to the new annual tax.
Market-wide: short-term slowdown, long-term depends on mortgage rates & future reforms.