Continued Growth In 2025
The UK property market is still looking strong in 2025, demonstrating continued growth and resilience. Let’s delve into the key trends shaping the market this week:
Listings On The Rise
We’ve seen a significant increase in new properties coming to market, with almost 35,000 new listings this week. This is 17% higher than the same period last year and 14% higher year-to-date compared to the pre-pandemic average (2017/18/19). This continued strong level of activity suggests growing seller confidence, which could lead to more competitive pricing and a wider selection of properties for buyers.
Sales Momentum Remains Strong
The positive momentum from 2024 has carried into the new year, with 25,700 homes sold “subject to contract” (STC) this week. This figure is a substantial 35% higher year-to-date compared to 2024 and an impressive 43% higher than the 2017/18/19 year-to-date levels. This sustained buyer demand paints a positive picture for the market’s health.
Price Reductions and Fall-Throughs
While the market is performing well, it’s important to acknowledge some nuances. Price reductions are currently at 14.8% of residential sales stock, higher than the December low of 7.8% but in line with the 2024 average. This suggests some price adjustments are occurring as the market finds its equilibrium.
Sale fall-throughs are also slightly below the 7-year average, indicating relative stability in transaction completions.
House Prices: Steady Growth
Our £/sq.ft metric, which accurately predicts Land Registry figures 5 months in advance, shows that house prices have risen by 5.28% in the last 12 months. This steady growth, while not explosive, provides a degree of certainty for both buyers and sellers.
Stock Levels and Sales Pipeline
Residential sales stock on the market at the end of December was down from November, but the sales pipeline remains robust. This suggests a healthy balance between supply and demand, which is crucial for a stable market.
Regional Variations
As always, regional variations play a significant role in the property market. While the overall picture is positive, some areas continue to experience more robust growth than others. It’s crucial to stay informed about local market dynamics.
Looking Ahead
The UK property market appears to be in good shape as we progress through the first month of 2025. However, everyone will keep on paying close attention to the economic conditions and key factors such as the Bank of England’s monetary policy, inflation rates, and the broader economic climate.
We provide regular updates and insights so don’t forget to keep checking our page.
Even in a positive market, everyone has their own challenges. If you are wondering why your market share isn’t where you want it to be we can help! We know exactly what needs to be done to generate leads and improve conversion. Get in touch today.