The latest 0.25% interest rate cut may look modest on paper, saving the average variable mortgage holder around £31 a month, but its real influence runs deeper. Property markets are powered by confidence, and with mortgage rates easing and lenders competing again, sentiment is shifting. That change in mood is starting to matter.

With plans announced to raise the council tax surcharge on higher-value homes, this snapshot looks at how many £2m-plus properties have actually sold across the UK this year. The data shows a highly concentrated market, dominated by London, and reveals just how small this sector is nationally despite the noise around a “mansion tax.”

An exceptional 4-bedroom barn conversion offering dramatic vaulted living space and adaptable accommodation. Stylish Aga kitchen, versatile reception rooms, offering flexible living all set on 2 acres with a Triple Bay Garage and breath taking panoramic Norfolk countryside views.

New Year, fresh goals, if moving home by spring 2026 is on your list, now’s the moment to plan. Understand how long properties took to go under offer and complete in 2025, and the key steps you need to hit your timeline. Read on to map out your best move ever.