Gloucester Property Market Update – January 2025

Posted on 4th February 2025 at 16:29

As we step into 2025, we take a deep dive into the latest property market trends in Gloucester, analysing key figures and what they mean for buyers and sellers.

Record Start to the Year for New Listings

January saw a record number of sellers entering the market, with new listings up 11% compared to the same time last year. This has given buyers the highest level of choice at the start of a year since 2015 and contributed to a strong surge in buyer activity.

A total of 285 sales were agreed across GL1, GL2, GL3, and GL4 in January, a 21% increase from the 235 sales recorded in the same period last year.

How Long is it Taking to Sell?

The average time to sell a property—measured from first listing to an agreed sale—has continued to rise across the Southwest, now standing at 77 days. Gloucester is outperforming the regional average with an average of 65 days, though it has slipped down the rankings of the UK's top 50 largest cities from its pandemic high of 2nd place.

With more competition among sellers, correct pricing and standout presentation are crucial. As of 31st January, Gloucester had:

✔ 859 properties available

✔ 491 homes unsold for over 10 weeks

✔ 344 of these on the market for more than 16 weeks

Sellers should be mindful of realistic pricing strategies to avoid their property stagnating on the market. Choosing an experienced estate agent who understands the local market and avoids overpricing is more important than ever.

What’s Next? Interest Rates & Stamp Duty Considerations

While 2025 has started strong, some uncertainties remain:

📌 Interest Rates: The Bank of England meets this week, with strong speculation of a rate cut from 4.75% to 4.5% due to economic concerns. Markets currently price in an 84% chance of this happening.

📌 Stamp Duty Deadline: The 31st March cut-off could impact buyer urgency in the coming months.

Rightmove’s weekly mortgage tracker reports:

✔ Five-year fixed mortgage rates at 4.75% (compared to 4.78% last year)

✔ Two-year fixed mortgage rates at 4.97% (down from 5.08% last year)