{"id":341844,"date":"2025-12-30T00:10:07","date_gmt":"2025-12-30T00:10:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/341844\/"},"modified":"2025-12-30T00:10:07","modified_gmt":"2025-12-30T00:10:07","slug":"scotland-reigned-as-the-u-k-s-best-performing-luxury-housing-market-of-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/341844\/","title":{"rendered":"Scotland Reigned as the U.K.\u2019s Best-Performing Luxury Housing Market of 2025"},"content":{"rendered":"<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\">Luxury home prices in the U.K. have held firmer since November, when the announced \u201cmansion tax\u201d was less severe than many high-end homeowners had feared, according to a report from Savills on Monday.<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\">As a result, in prime central London, home prices fell 0.9% during the fourth quarter\u2014an improvement from the third quarter\u2019s 1.8% drop. Meanwhile, prices in Britain\u2019s luxury markets outside of central London decreased just 0.2%, improving from the 0.7% drop in the prior quarter.\u00a0<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">Still, prices in prime central London are 24.5% below their peak, with properties losing a quarter of their value since 2014.<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">MORE: <a data-type=\"link\" href=\"https:\/\/www.mansionglobal.com\/articles\/billionaire-bill-koch-sells-banking-scion-paul-mellons-former-cape-cod-house-for-20-million-1c863e5c\" target=\"_blank\" rel=\"nofollow noopener\" class=\"ekxajjj0 css-1xedca9-OverridedLink\">Billionaire Bill Koch Sells Banking Scion Paul Mellon\u2019s Former Cape Cod House for $20 Million<\/a><\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">\u201cAgents, particularly in outer prime London neighborhoods, are reporting a pickup in viewings and exchanges since the budget announcement,\u201d Frances McDonald, director of research at Savills, said in the report. \u201cBut despite tax changes being \u2018better than feared,\u2019 demand remains thin on the ground in more rarefied prime central London postcodes, with the pool of buyers already much shallower since the end of the non-dom regime.\u201d<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\"><a data-type=\"link\" href=\"https:\/\/www.mansionglobal.com\/articles\/u-k-s-mansion-tax-deals-a-lighter-blow-to-homeowners-than-some-expected-00414aeb\" target=\"_blank\" rel=\"nofollow noopener\" class=\"ekxajjj0 css-1xedca9-OverridedLink\">At the end of November<\/a>, Chancellor of the Exchequer Rachel Reeves announced that starting in April 2028, a new annual surcharge on properties valued at over \u00a32 million (US$2.64 million) will be introduced. These high-end homeowners can expect a flat yearly fee ranging from \u00a32,500 to \u00a37,500.<\/p>\n<p class=\"body-ad-label css-1ayil5r\" data-testid=\"ad-container-label\">Advertisement &#8211; Scroll to Continue<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">This year\u2019s best-performing luxury market across the U.K. was Scotland, the only market where properties have steadily maintained their value. Edinburgh was a large factor, with 2.1% annual price growth, making it the U.K.\u2019s strongest regional market of the year.<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">Mansion Global Boutique: <a data-type=\"link\" href=\"https:\/\/www.mansionglobal.com\/boutique\/articles\/how-to-create-comfort-in-winters-dark-months-according-to-kendall-wilkinson-5187d45c\" target=\"_blank\" rel=\"nofollow noopener\" class=\"ekxajjj0 css-1xedca9-OverridedLink\">How to Create Comfort in Winter\u2019s Dark Months, According to Kendall Wilkinson<\/a><\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">\u201cDespite its stronger performance, buyers of prime properties are likely to remain cautious until after the Scotland budget in January with speculation that the government will follow suit with additional taxes on more expensive properties,\u201d Faisal Choudhry, director of residential research at Savills, said in the report. \u201cPrices across prime Scotland have held steady in 2025, but the prime Edinburgh market has outperformed mainly due to constrained supply and a reduction in the level of available stock.\u201d\u00a0<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">The U.K.\u2019s country-house market saw some of the largest price drops this year, and the final quarter showed that it appears to be bottoming out\u2014prices fell by 0.6% during the last three months of the year, a notable improvement from the price drops of the second and third quarters, when values were down 4.2% and 2.8%, respectively.<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" data-testid=\"paragraph\" class=\"e152o6gh0 css-1hvarng-StyledParagraph\">\u201cThe country-house market has seen some of the most improved activity post-budget after a very subdued year,\u201d McDonald said. \u201cIn 2026, we expect seasonal patterns to dictate activity less than they usually would, and the market is unlikely to wait until spring to pick back up.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Luxury home prices in the U.K. have held firmer since November, when the announced \u201cmansion tax\u201d was less&hellip;\n","protected":false},"author":2,"featured_media":341845,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[131771,131780,131772,131781,9385,13931,26529,2169,309,591,59,57,58,15184,132606,132614,132607,26538,132601,132609,132603,132602,132604,132611,132610,132612,388,50,3604,132608,200,132605,132613,6322,56,54,55,12200,131782],"class_list":["post-341844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-content-type-content-type-article","tag-content-type_content-type-article","tag-credited-by-mansion-global","tag-credited_by_mansion_global","tag-economic-news","tag-economic-performance","tag-economic-performance-indicators","tag-edinburgh","tag-england","tag-europe","tag-gb","tag-great-britain","tag-greatbritain","tag-home-sales","tag-home-sales-housing-affordability-figures","tag-housing-affordability-figures","tag-housing-prices-figures","tag-indicators","tag-integration-apple-news","tag-integration_apple-news","tag-location-country-scotland","tag-location-market-london","tag-location-region-united-kingdom","tag-location_country-scotland","tag-location_market-london","tag-location_region-united-kingdom","tag-london","tag-news","tag-northern-europe","tag-real-estate-markets","tag-scotland","tag-subject-subject-market-reports","tag-subject_subject-market-reports","tag-synd","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-western-europe","tag-wsj-pro-mansion-global"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/341844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=341844"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/341844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/341845"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=341844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=341844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=341844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}