2025 will be a ‘buyer’s market’ with more house sales, property experts predict
2025 will be a ‘buyer’s market’ with more house sales, property experts predict
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The year ahead will be a “buyer’s market” with house hunters having more negotiating power and sales picking up, experts have predicted. But more bullish expectations for 2025 are also tinged with caution, with a key stamp duty discount set to end in the spring, and uncertainty hanging over the wider economy and the speed of future potential interest rate cuts.
Tim Bannister, a property expert at Rightmove, said: “We’re anticipating a stronger 2025, with higher price growth and more transactions than in 2024.”. He continued: “The year ahead is not without some caution. “We think 2025 will continue to be a buyer’s market, which could provide buyers with more negotiating power, given the number of available properties per estate agent is at a decade-high for this time of year.
There is some uncertainty about what happens when stamp duty rises from April 1, as well as ongoing geopolitical tensions and the trend of inflation. “There’s less competition amongst buyers than during the pandemic markets, which could provide them with some breathing room to choose the right home at the right price.
“However, if the right property does come along, we wouldn’t advise waiting too long, as agents tell us that attractive homes, well-priced and in popular areas are still being snapped up quickly. Additionally, falling mortgage rates, which we expect to drop to around 4% by the end of the year, should improve affordability and sentiment.”.
