According to Zoopla’s September Price Index, some higher-end buyers are taking a more cautious approach – likely due to where tax adjustments might be on the cards. That said, most serious buyers and sellers are pressing ahead with their plans, showing that underlying confidence remains steady.
Zoopla’s comments include a positive trend in the growing number of first-time buyers entering the market. Properties around the £200,000 mark are in strong demand, helping this group to increase their share of activity. Mortgage conditions are also contributing, with fixed rates currently holding between 4–5%, also in line with recent forecasts from our trusted partner, independent financial advisor, Andy Fagg.
Whilst UK House Price Growth has eased, Zoopla notes that average prices in August were still 1.4% higher in comparison to 2024. Closer to home, there’s plenty of cause for optimism. The UK Government’s House Price Index in June showed annual growth of 2.8% across the South East, with a 1.4% uplift on the previous month.
Here at Mackenzie Smith, we continue to see healthy demand across our local areas. There is good momentum in the local market, with property activity stabilising. We’re seeing new sellers are coming forward, a steady volume of buyer enquiries, and agreed sales have risen. Homes priced from £500,000 and above remain popular, while first-time buyers are driving strong activity at the more affordable end of the market. Take a look at some of our recently sold properties online, here, for a snapshot of current demand.
If you’re thinking about moving, now or in the near future, we’d be happy to help – from straightforward advice to a free, up-to-date valuation. Visit your nearest branch, try our instant valuation tool, or book an expert valuation today.
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