Spring 2025: The Property Market Outlook and What Buyers Should Expect

As we step into spring, it’s a great time to take a step back and look at what’s unfolding in the property market. March has been a month of change and preparation for many buyers, but as we move into April, there are still plenty of opportunities for those considering entering the market. In this article, I’ll share my thoughts on what’s ahead in the spring of 2025, and how you can take advantage of the current market conditions.

A Market in Transition

Spring is traditionally a time of renewal, and this year, the property market feels no different. After months of uncertainty and the ebb and flow of economic factors, the outlook for 2025 is starting to stabilize. While the property market had experienced some slowdown in late 2024, we’ve seen signs of recovery with a more balanced market emerging. Demand remains strong, particularly in the mid-range property sector, and that’s something we expect to continue as we head deeper into the year.

The end of the SDLT holiday at the end of March has also contributed to an increase in market activity. Buyers who had been waiting to benefit from the stamp duty reductions are now locking in deals before the changes take effect. This has led to a busier market over the past few weeks, with many sellers eager to take advantage of the last moments of lower transaction costs.

Rising Interest Rates – What Buyers Need to Know

It’s important to note that interest rates have been on the rise in recent months, and we’re likely to see this trend continue through 2025. For those planning to purchase with a mortgage, this means borrowing costs may be slightly higher than in previous years. While this may feel like a disadvantage, it’s crucial to approach your property search with a clear understanding of your budget and long-term financial goals.

The good news is that while rates are rising, they remain relatively low compared to historical standards. For many buyers, this still represents a good opportunity to secure a property with reasonable financing options, but the key is to act sooner rather than later. Locking in a competitive rate now can save you money in the long run.

What Does This Mean for Property Prices?

The outlook for property prices in the spring of 2025 is mixed. We’re likely to see more moderate price growth compared to the boom years of 2020 and 2021. However, that doesn’t mean there aren’t still plenty of opportunities for buyers. Many areas are experiencing price stabilisation, especially in regions where there has been an oversupply of properties in recent years. This could mean that in certain parts of the country, buyers will find better value as they enter the market.

How to Navigate the Spring Market

If you’re considering buying a property this spring, here are a few tips to help you make the most of the market conditions:

1. Do Your Research: Ensure you’re fully aware of property prices in your desired area. Prices can vary dramatically from region to region, so understanding the local market is key.

2. Prepare Financially: With interest rates on the rise, make sure your finances are in order and you’ve got a clear understanding of what you can afford. Speak with your mortgage broker early to secure the best deal possible.

3. Look for Opportunities: While the market is stabilising, there are still areas where property prices are more reasonable. Keep an eye out for properties that are priced slightly below market value – these can often offer great opportunities for growth.

4. Act Quickly: If you find a property that suits your needs and budget, don’t hesitate. The market is active, and well-priced properties often move fast.

Why Winfields is Here to Help

At Winfields, we pride ourselves on offering expert guidance to all our clients, whether you’re a first-time buyer or looking to move up the property ladder. The spring 2025 property market may seem a little uncertain, but with the right approach, it’s still an excellent time to make a move.

We’re here to provide the advice you need to make informed decisions, and to guide you through the process, step by step. Whether you’re looking for your first home or an investment property, we’re committed to helping you find the perfect fit.

If you have any questions or need assistance with your property search, don’t hesitate to get in touch. We’re always here to help!

Thomas Winfield