Budget 2025: What It Really Means for Chiswick Property

---

Ad - Horton and Garton explain how the Chancellor’s decisions reshape the outlook for W4’s homeowners, buyers and landlords

A unmodernised six bedroom period home on Grange Road, offered to the market FOR SALE for the first time in over 80 years. More information online

The days leading up to the Autumn Budget brought an unusual stillness to the Chiswick property market. Activity in W4 slowed to a near standstill, with only one home coming to market during over a 24 hours period in the days leading up to the Chancellor’s Budget - a rare pause in an area that usually hums with steady movement. Buyers and sellers alike were waiting to see whether November would bring the major Stamp Duty shake-up trailed for months.

In the end, the Chancellor delivered something much quieter. Stamp Duty remained untouched. The headline changes centred instead on tax adjustments that will influence behaviour, but not derail confidence. For Chiswick, this means the market steps into winter with clarity rather than upheaval.

Chiswick finds its footing after a week of caution

Once the Budget confirmed that stamp duty bands were staying put, conversations surrounding moving home began to flow again. The sense locally is that buyers were never absent - merely hesitant until the political dust settled.

Louise Jones, Sales Manager for Chiswick, describes the shift: “People weren’t fearful; they were waiting for confirmation. In the days since the budget momentum has already picked up. Buyers simply wanted certainty.”

That certainty now underpins a market where precisely priced, well-presented homes continue to attract committed interest, especially in sought-after pockets.

The new surcharge and its implications for W4’s family homes

One of the clearest announcements was the introduction of the High Value Council Tax Surcharge from April 2028. Homes valued above £2million pounds will incur an additional annual charge starting at £2,500 and rising to £7,500 per annum for homes valued over £5million.

In many parts of the country, this affects only a small number of properties. In Chiswick, it reaches directly into the heart of the market. Detached and larger semi-detached homes in Bedford Park, Grove Park and even parts of the Glebe Estate often exceed the threshold - not because they are necessarily extravagant properties, but because they reflect the long-term trajectory of West London property prices.

Managing Director Ashley Clements says the surcharge is unlikely to change demand for W4 homes, but it may influence timing: “Homeowners who were already weighing up a downsize now have a clearer horizon. It won’t deter buyers, but it may prompt some sellers to act sooner.”

Landlords face higher costs - and tenants feel the slow shift

The rise in property income tax from April 2027 adds further pressure to Chiswick’s landlords, many of whom already navigate high ownership and maintenance costs. While the change will not trigger an immediate shake-up, it adds weight to decisions about retaining or releasing rental stock.

Lettings Manager Aggie Tukendorf explains the likely direction of travel: “Well-run rental homes will continue to thrive, but overall supply is unlikely to grow, and that keeps upward pressure on rents.”

A steady outlook for 2026

With stamp duty reform off the agenda, analysts expect a gradual increase in transactions next year. Locally, the first signs are already visible as paused listings return to the market and viewing levels strengthen.

Owner and Director John Horton captures the mood in W4: “Momentum didn’t disappear - it simply slowed while people waited for clarity. Chiswick remains a place where families want to put down roots. The Budget has cleared the uncertainty, and plans are moving forward again.”

Looking ahead, modest national house price growth, forecast at around two and a half per cent annually in the latter part of the decade, provides a reassuring backdrop for a market that prizes long-term stability.

For Chiswick, the message is simple: the fundamentals remain strong. In an area where demand consistently outstrips supply, careful preparation, accurate pricing and expert guidance will continue to shape successful moves in 2026.

To discuss your plans to move, get in touch on 020 3989 6464.

Advertorial

December 2, 2025