The Bank of England held its base rate at 4.00%, while the average five-year fixed mortgage settled near 5.01%, signalling a steadier borrowing environment as markets absorbed earlier policy tightening.

London’s House Price Index recorded a −1.8% YoY shift, with an average price of £692,000, reflecting a market still adjusting to higher financing costs. Transaction volumes remain excluded pending official confirmation.

Asking prices softened −2.4% MoM, while rents rose 4.3% YoY, supporting yield stability as consumer confidence registered −19.

Overall, the latest data indicate a balanced phase in London’s property market.

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Disclaimer

This Market Watch is for informational purposes only and does not constitute financial or investment advice. Always seek independent professional guidance before making property decisions.

Key Market Signals

Indicator

Status

Direction

BoE Base Rate

4.00 % (unchanged)

↔️

5-Year Fixed Mortgage

5.01 % (start of Nov 2025)

↔️

London Price Index (HPI)

–1.80 % YoY (Sep 2025)

⬇️

Rental Growth

+4.30 % YoY (Oct 2025)

⬆️

Asking Price

–2.40 % MoM / –2.10 % YoY (Nov 2025)

⬇️

Consumer Confidence

–19 (Nov 2025)

⬇️

How These Numbers Affect You

A) Financing & Mortgage

Is getting a mortgage easier or more competitive now? Will my monthly payment drop?

A stable base rate paired with a five-year fixed average near 5.01 % indicates a gradually easing credit environment. Lenders appear to be re-pricing products cautiously as funding pressures normalise.

First-Time Buyers: may see marginal affordability improvements as fixed-rate options stabilise.

Investors: suggests a potentially favourable window for managing leverage while rates remain steady.

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If I already have a mortgage, is now a good time to remortgage or wait?