Hello readers,
The property market is nothing if not surprising, and December was no exception. Traditionally a quiet month for real estate, last year bucked the trend with a flurry of activity that has set the tone for an intriguing 2025. Let’s unpack what happened and what it might mean for the months ahead.
December: The Month That Refused to Slow Down
While many of us were indulging in mince pies and mulled wine, the property market was buzzing with energy. From first-time buyers eager to secure their homes to seasoned investors eyeing opportunities, demand remained strong.
I witnessed this firsthand—three clients had their offers accepted on Christmas Eve alone! And the phones didn’t stop ringing between Christmas and New Year, as buyers raced to get their transactions moving.
The Drivers Behind the December Frenzy
What caused this unseasonal spike in activity?
Stamp Duty Deadlines: The impending surcharge adjustments gave buyers an extra push to seal their deals.
Falling Mortgage Rates: Lenders like Halifax and Leeds Building Society cut rates, sparking hope of a January rate war—a tantalising prospect for buyers.
Seasonal Aspirations: Many people were determined to settle into their dream homes by spring, ready to enjoy the summer in a new space.
Predictions for 2025
Here’s what property professionals and buyers alike should watch:
Mortgage Rate Competition: A rate war among lenders could make borrowing cheaper, spurring further activity.
Steady House Price Growth: Expect modest increases, with annual growth forecasted at around 2–2.5%.
Legislative Shifts: Renters’ rights bills and stamp duty changes could reshape the landscape for landlords and buyers alike.
Final Thoughts
2025 looks to be a year of cautious optimism in the property market. While opportunities abound, the key is preparation. Whether you’re buying your first home, scaling a portfolio, or navigating legislative changes, staying informed will be your greatest asset.
If you’re ready to make your move, now’s the time to act. The property market waits for no one, and 2025 is already shaping up to be a year to remember.
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