Balanced market with stable prices – top agency’s forecast for 2025

Balanced market with stable prices – top agency’s forecast for 2025


Todays other news
The improved mood follows the latest Bank of England rate...
Four in five UK self-employed entrepreneurs have struggled to get...
The cost of home insurance in the UK increased by...
The lender has claimed to move away from the 'them...
L&G Mortgage Club has launched an end-to-end digital mortgage solution...

National estate agency Jackson-Stops expects UK mainstream house prices next year will remain on a par with 2024. 

In the short term, agents across the network expect that Q1 will be particularly active as buyers look to complete before the end of current Stamp Duty incentives and act upon pent up demand that has been building throughout much of 2024 as the market awaited political stability.

When asked to describe their expectations for the property market in 2025, the three most common words Jackson-Stops agents used were “challenging” (75%), “balanced” (42%) and “competitive” (33%), suggesting that while the stability from 2024 is predicted to carry through to 2025, economic headwinds and policy changes will have an impact.   

The agency admits the recent Autumn Budget and proposed changes to housing policy have the potential for a somewhat dampening impact on the market. 

For example, increased stamp duty on second homes and Buy-to-Let properties from 3% to 5% could weigh on buyers’ decisions. In most cases the increase will be a cost that committed investors will absorb, but in the short term this section of the market may cool until the housing landscape becomes normalised to the additional cost.

Nick Leeming, chairman of Jackson-Stops, commentsWith the political landscape looking more settled and the shockwaves from the October budget subsiding, we have every reason to expect a more balanced market in 2025. 

“This newfound equilibrium will be beneficial for both buyers and sellers, fostering an environment where transactions can proceed with greater confidence and predictability. We anticipate that this stability will encourage more people to enter the market, whether they are first-time buyers or those looking to move up the property ladder.

“In the prime market, we expect to see significant activity, benefiting from increased buyer confidence and a more stable economic outlook which will help at all stages of the chain. Moreover, with mortgage rates expected to stabilise and potentially decrease, we foresee a resurgence from committed investors seeking secure and high-return assets.

“Next year, we are hopeful that government will look to prioritise housing for older demographics and ideally incentivise downsizers – this would bring more fluidity to the market at every level. Overall, the outlook for 2025 is quietly optimistic with demand moving in the right direction following a cautious 2024.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Introducer Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The improved mood follows the latest Bank of England rate...
The outspoken comments come from the Regency Living company...
The warning comes in the latest market snapshot from Rightmove...
Average house prices in England and Wales are down 2%...
A prominent agency expects anxious buyers to keep searching...
The warning comes in the latest market snapshot from Rightmove...
Recommended for you
Latest Features
The improved mood follows the latest Bank of England rate...
Four in five UK self-employed entrepreneurs have struggled to get...
The cost of home insurance in the UK increased by...
Sponsored Content
Historically second charge mortgages or secured loans as they are...
Lenders must say what they mean and mean what they...
Fraudsters attacking the conveyancing sector, successfully stealing large sums of...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here