Mannleys Predict a Bumper 2025 for Property Sales!
Exciting news from Rightmove! A panel of property experts is forecasting a thriving housing market in 2025, with transaction volumes expected to reach 1.15 million—that’s 150,000 more transactions than this year!
Key Highlights for 2025
- Transaction Growth: A projected 1.15 million property sales, fueled by growing market confidence.
- Price and Mortgage Trends: House prices are expected to rise by 4%, while average fixed mortgage rates may drop by 1%, bringing them to around 4%.
- First-Time Buyer Surge: With stamp duty for first-time buyers increasing on April 1st, many are racing to complete purchases early in the year. Enquiries from first-time buyers are already 13% ahead of this time last year.
- More Homes Available: The average number of properties per estate agent branch is at a 10-year high, offering buyers plenty of choices in what’s expected to be a competitive market.
A Busy Year Ahead
Tim Bannister, Rightmove’s Director of Property Science, says:
“We expect a busier year in 2025, with around 1.15 million transactions completed. The first three months will be particularly active as buyers and sellers look to beat the April 1st stamp duty rise.”
Toby Leek, President of NAEA Propertymark, adds:
“As we round off the year, the property market sits in a much more upbeat position and will enter 2025 geared for growth.”
With more buyers entering the market and an abundance of properties to choose from, 2025 is shaping up to be a fantastic year for the property market. Whether you’re buying, selling, or just considering your options, now’s the time to start planning!
