The RICS UK Residential Market Survey showed the house price balance improving to -16% in November 2025 from -19% in October, defying expectations for a further decline to -21% and suggesting that the downward trend may be stabilizing. Regional divergences remained pronounced as London’s net balance fell to -44%, now the weakest of any UK region, with the recently announced tax on higher-value homes likely adding pressure to the capital’s market. In contrast, respondents in Northern Ireland and Scotland continued to report rising prices. Near-term price expectations were broadly steady, with a national net balance of -15% versus -12% previously. Twelve-month expectations edged higher, with a net balance of +24% of contributors anticipating price gains over the coming year, the strongest reading since June. This positive outlook was evident across most regions, except East Anglia, where sentiment remained comparatively subdued.