UK Property Update 18th January ’25

The UK property market has kicked off the year with a bang! Here’s a look at the key trends from the first week of 2025:

New property listings are flooding the market. We saw 27,400 new listings in the first week of January, a significant increase compared to the same period in 2024 and the pre-pandemic years of 2017-2019. This boost in supply is great news for buyers who have more options to choose from.

As expected, December saw a slight dip in the number of properties with price reductions. This is a typical seasonal trend, and we expect to see this figure rise again in the coming months.

Sales are soaring! 19,200 homes were sold subject to contract (STC) in the first week of January, exceeding not only 2024 figures but also those from 2017-2019. This strong start to the year suggests a healthy level of buyer demand.

While sales are up, we’ve also seen a spike in fall-throughs following the Christmas and New Year break. This is a normal trend, and we expect it to stabilise in the coming weeks.

The number of properties available for sale decreased slightly in December, suggesting a more balanced market.

House prices have shown steady growth over the past year, with the price per square foot reaching £339 in December. This metric is a strong indicator of future Land Registry figures, suggesting continued moderate growth in the coming months.

Overall, the UK property market has started 2025 with a strong performance. We’ll continue to monitor these trends and provide updates throughout the year.

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