May 2025 Market Update

What makes a good or bad market to sell in?

It’s a question we’re often asked, but to answer it properly, we need to understand what a ‘normal’ market actually looks like. Without that context, it’s easy to misjudge whether price growth is strong, weak, or somewhere in between.

Property expert Kate Faulkner breaks this down clearly in her recent article, which you can read here. She explains that with long-term property price growth now averaging around 3% a year, today’s market should be seen as steady and healthy- not booming, but far from weak.

That steady outlook is shaped by a mix of recent positive shifts in the market and balanced by a healthy dose of caution. A 0.25% cut in the Bank of England base rate (now at 4.25%) has helped boost market confidence, while the return of zero-deposit mortgages is encouraging more first-time buyers back into the market. However, sellers should also be aware of growing buyer caution. With more property on the market, buyers have become more selective and increases in Stamp Duty for first time buyers alongside wider economic uncertainty, mean that many are proceeding cautiously. As a result, asking prices need to be particularly realistic to generate strong interest.

If you're considering a move, we’re here to help you navigate the market with honest advice and expert local insight.