Market Insights for 2025

Buyer and seller interest surged over the festive period, with Rightmove recording its busiest Boxing Day for both online traffic and new listings.

In January, demand remained high across the board, even amidst ongoing economic uncertainty. Many first- time buyers were keen to progress before the 1st April Stamp Duty threshold changes, adding further momentum to the market.

February’s Bank Rate cut gave sellers added confidence, and although March listings would miss the Stamp Duty deadline on 1st April, supply still rose. According to estate agent prospecting tool Spectre, new property listings averaged 3% above the five-year trend.

As expected, house price growth slowed slightly after the Stamp Duty deadline. However, the property industry displayed resilience as it moved into spring, a time when the industry typically sees a boost. Seller confidence remained strong, alongside plenty of demand from buyers.

Looking ahead, market focus now turns to the Bank of England’s next move. A base rate reduction to 4.25% is widely expected on 8th May. If confirmed, it could help sustain market growth, even with US tariff increases on the horizon, and is likely to encourage homebuyers, giving them added confidence to make their move.

Act today if you’re a homeowner interested in selling your property. Contact your local Mackenzie Smith Office, available on our website, here.