How’s the Property Market Doing So Far in 2025?
Posted on 31st January 2025 at 13:26
Let’s take a quick look at the early signs for the UK property market as we close out January 2025. Is now a good time to buy or sell?
Looking Back at 2024
The property market ended on a positive note, helped by Bank of England interest rate reductions in August and November.
House prices remained resilient, with the Halifax HPI reporting a 3.3% increase for 2024 (despite a small 0.2% dip in December).
Rightmove recorded its busiest ever Boxing Day, showing strong buyer motivation heading into 2025.
Market activity suggests demand is high—people are keen to move!
What’s Next for 2025?
Most forecasts suggest modest price growth of 2.5% to 4% this year.
💰 Interest rates haven't dropped as quickly as expected, with inflation proving stubborn. However, most analysts predict the Bank of England base rate will trend downwards through 2025.
📉 Predicted rate cuts:
Santander: From 4.75% to 3.75% by year-end
Barclays: Potential drop to 3.5%
Cheaper mortgages should boost buyer confidence and make moving more attractive. (Next rate announcement: February 6th!)
So, Is It a Good Time to Move?
🏡 For Buyers: There’s a great selection of properties on the market at realistic prices.
🏡 For Sellers: Buyer demand is strong, but pricing and professional marketing are key to securing the best result.
Prices won’t surge like they did in 2020-21, but the market looks steady and promising—making now a good time to consider your next move.
📍 What About Gloucester?
National trends are useful, but local markets can tell a different story. We’ll be sharing a detailed update on the Gloucester property market soon, so follow our page to stay informed!
Thinking of Selling?
🏆 We’ve just been named Best Estate Agent for Gloucestershire & Oxfordshire 2024 by The British Property Awards!
📞 Get in touch to discuss your plans—we’d love to help you achieve the best outcome.
📩 Know someone who might find this update useful? Feel free to share!
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