Posted: 17th February 2025
What's Happening in the UK Property Market: February 2025
Welcome to this month’s update on the UK property market. As 2025 gathers pace, here’s a quick look at what’s been happening for buyers, sellers, landlords, and renters. We’ve included some helpful insights and tips to keep you ahead of the game.
Market Overview
The UK property market is holding steady in February 2025. Recent stats show average house prices have risen by around 3% over the past year. Regional differences are creating interesting opportunities - while prime locations continue to thrive, emerging towns and rural areas are catching the attention of buyers seeking a better work-life balance.
Read more about these trends here
Buying: What You Need to Know
If you’re on the hunt for a new home - especially if you’re looking for a property for sale in Thornbury, Chipping Sodbury or Wotton-under-Edge - it could be a good time to lock in a deal. Mortgage rates are relatively stable with the Bank of England Base Rate at 4.5%, and there’s a range of options available, whether you’re a first-time buyer or moving up the ladder.
Tip for Buyers:
Found a property you like? Check out local amenities and transport links before making an offer. Areas with upcoming infrastructure projects could offer hidden future value. Also, consider the potential for renovations that can add long-term value to your home.
Selling: Making the Most of Your Property
If you’re thinking about selling, there’s plenty of good news. The market is still competitive, and homes in sought-after areas are attracting lots of interest. If you’re selling your home, getting the price right is crucial. Properties priced just below the market median tend to sell quicker, as buyers are often drawn to perceived bargains.
Tip for Sellers:
Home staging and a few quick fixes can work wonders. A fresh coat of paint and some modern fixtures can make your property stand out. Well-presented homes are more likely to sell at a higher price.
Lettings and Landlords: Meeting Demand
The rental market is going strong, with steady demand for quality property to rent. Keeping your property in great condition helps reduce vacancies and attract reliable tenants.
Recent surveys show that tenant satisfaction directly impacts rental yields. According to The Royal Institution of Chartered Surveyors (RICS), properties with high tenant satisfaction scores achieved around 5% higher yields than those with lower scores. Well-maintained homes with modern facilities continue to perform best.
Tip for Landlords:
Review your rental agreements regularly and consider incentives for longer leases. Simple upgrades like energy-efficient appliances not only attract eco-conscious tenants but can also help reduce your running costs.
Renting: Finding Your Ideal Home
For renters, there’s a wide selection of properties to let. The market is competitive, but regeneration areas often offer great value, with modern homes and improved transport links.
Tip for Renters:
Stay ahead by registering with us to get early access to new listings. When you find the right property, act quickly to avoid missing out.
Keeping One Eye on the Future
It’s always wise to stay informed about possible policy changes that could affect the property market. With the government focusing on increasing housing supply and improving infrastructure, buyers and sellers should be ready for shifts in the market. Flexibility and staying in the loop are your best tools for success.
Final Thoughts
Whether you’re buying, selling, renting, or letting, the UK property market is full of opportunities. The key is staying informed, proactive, and ready to move when the right opportunity comes along.
At Milburys, we’re here to help you every step of the way, so please get in touch!
If you’d like advice or have any questions, call us on 01454 417336 or email thornbury@milburys.co.uk. Our team is always happy to help you make the best decisions when it comes to property.
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