Overview : London property market update November 2025 - Renters’ Rights Act now law, Budget changes for high-value homes and what it all means for landlords, renters and investors.
The Renters’ Rights Act 2025 has now been passed
The biggest change this month? The Renters’ Rights Bill has officially passed and is now the Renters’ Rights Act 2025.
Here’s what it means in real terms:
- Section 21 “no-fault” evictions are abolished from 1st May 202
- All existing Assured Shorthold Tenancies (AST's) will automatically become periodic tenancies on 1st May 2026
- Rent increases limited to once a year and to open market value
- Tenants gain stronger rights to request pets
These changes give tenants more security, but they also mean landlords will need to update processes, documentation and compliance.
Autumn Budget 2025: What landlords & homeowners need to know
This year’s Autumn Budget focused heavily on property - especially the top end of the London market.
Key takeaway: the new High-Value Property Levy (mansion tax)
- Applies to homes worth £2m+
- Starts in April 2028
- Will work as an annual surcharge on top of council tax
The mid-market - properties between £500k–£2m - avoided additional annual charges, which is positive for most London buyers and sellers.
How this shapes the market:
- High-value homes (£2m+) may see softer demand and small price adjustments as buyers factor in future costs
- Mid-market homes remain steady and appealing
- Landlords face more compliance under the Renters’ Rights Act, but rental demand in North West London remains strong
What we’re seeing in north west London
With price growth slowing and rental demand staying high, well-managed, good-quality rental homes continue to perform strongly.
For sellers, realistic pricing is key - particularly above £2m.
For buyers, there may be opportunities emerging before the new tax framework beds in.
Need Guidance?
If you’re a landlord, investor or homeowner navigating these changes, we’re here to help.
Speak to our team at 020 7794 0075 for tailored advice.
Final thoughts from Dutch & Dutch
The Renters’ Rights Act and Autumn Budget mark a turning point for the London property market - but they also create clarity.
For landlords, now is the time to prepare for new regulations and review long-term plans. For buyers and sellers in the mid-market, activity remains steady and opportunities are emerging.
If you need guidance on your next step, we’re here to help. Call us on 020 7794 0075.
