UK House Prices End 2025 With Surprise Drop, Nationwide Says

UK house prices unexpectedly fell in December, according to a top mortgage lender, in a sign that the property market may have been affected by Labour’s tax-hiking budget.

Nationwide Building Society said the average price of a home was down 0.4% to £271,068 ($365,000), declining for the first time in four months. It reversed November’s 0.3% increase and defied analysts’ expectations of a 0.1% gain to end the year.