Looking to Move in 2026? What the Autumn Budget Means for You
The November Budget introduces new tax measures that will influence affordability, demand and long-term property decisions. With higher household costs and a new levy on homes over £2 million, buyers and sellers will need to plan their next steps with clearer strategy.
The New Levy on Homes Over £2 Million
From April 2028, homes valued above two million pounds will face an annual surcharge. This will be paid by the homeowner and ranges from two thousand five hundred to seven thousand five hundred pounds depending on the value band. Only a very small percentage of UK homes fall into this bracket, but changes at the top end often influence the wider market. Sales above two million pounds have already fallen this year, showing that buyers have been reacting to the possibility of this change for some time.
For sellers in this price range, demand is likely to soften as buyers factor in the future running costs of ownership. Preparing early, presenting well and pricing competitively will become increasingly important for anyone planning to move before the levy comes into force. Buyers in this market may find more negotiating power but should consider long-term affordability carefully.
No Stamp Duty Changes
Despite months of speculation, stamp duty remains unchanged. This brings welcome stability to the wider market and removes one of the biggest sources of uncertainty for buyers and sellers this year. Confidence often improves when people feel they know where they stand, and this clarity is likely to support activity as we head into the New Year.
Higher Tax for Landlords From 2027
Landlords will see income tax on rental income rise by two percent from April 2027. This change will reduce net returns and may lead some landlords to adjust rents or reconsider their long-term strategy. While this will not directly impact home movers, pressures in the rental sector often influence supply, demand and affordability across the broader market.
A Market Shaped by Affordability and Confidence
The Budget also confirmed the ongoing freeze to income tax thresholds. As wages rise, more households will move into higher tax brackets, reducing disposable income and tightening affordability. This tends to create a more measured market, where buyers take longer to make decisions and place greater emphasis on value and long-term stability.
For sellers in the mid-market, realistic pricing and good presentation will be key to attracting serious interest. Homes that launch with the right strategy tend to secure stronger early offers, especially when buyers are more selective. For buyers, a calmer market can create useful opportunities, with more time to plan and negotiate.
Planning a Move in 2026
Although some of the Budget changes are still years away, the clarity now in place allows home movers to plan with confidence. Transaction volumes are expected to remain steady, with no signs of instability, but households are likely to be more thoughtful in their decisions.
If you are considering a move in 2026, the most important first step is understanding your position in the current climate. A conversation will help you assess your home’s value, the demand in your price bracket and the best timing for your move. Buyers can also benefit from registering for Heads Up Alerts to hear about new or soon-to-launch properties before they appear on the wider portals.
The Autumn Budget has adjusted the financial backdrop, but the property market remains stable. With the right preparation and clear guidance, 2026 can be an excellent time to make your move. If you would like tailored advice on how this affects your plans, I am always here to help.