Property Market Update | January 2025
What's happening in the UK property market? Well, having welcomed a new year, the UK property market is already showing signs of activity that will mould the months ahead. January traditionally sets the tone for the year, and 2025 is no exception. Buyers, sellers, landlords, and renters are navigating frequent ups and downs influenced by economic factors, legislative changes, and evolving market trends.
Here’s our in-depth look at what's happening in the UK property market and key developments in January 2025, along with advice to help you make informed decisions, whether you’re buying, selling, renting, or letting.
Strong Start to the Year
Increased Buyer Activity: Buyer enquiries have risen steadily throughout January, spurred on by the continuation of favourable mortgage rates and an easing of inflation pressures. Both first-time buyers and second-steppers are active in the market, with a noticeable return of investor interest.
Seller Confidence Restored: The number of new properties coming to market is also on the rise. Many sellers who held back in previous months are now seizing the opportunity to list their homes, encouraged by stable property values and a healthy pool of motivated buyers.
Tips for Buyers:
Compare Mortgage Options: With a variety of competitive products now available, consult a mortgage adviser to find a mortgage that suits your long-term goals.
Negotiate Strategically: Sellers in today’s market may be more flexible on price, especially for properties that have been listed for an extended period.
Consider Energy-Efficient Homes: Homes with higher Energy Performance Certificate (EPC) ratings are increasingly attractive and could offer savings on utilities.
Explore properties for sale on our website to find your ideal home.
Selling Property: Adapting to Buyer Expectations
The time it takes to sell a property remains consistent at around 58 days on average, as reported by recent data from Zoopla
January is an excellent time to list your property, as buyer interest typically rises after the Christmas holidays.
Tips for Sellers:
Focus on Kerb Appeal: Simple improvements, such as repainting the front door or tidying the garden, can make a significant difference.
Price Realistically: Use insights into local market data from our team at Maison Partnership to set a competitive price that reflects current trends.
Stage Your Home: Professional home staging can highlight your property’s best features and appeal to more buyers.
Request a valuation of your property today and get expert guidance on achieving the best price.
Landlords: Preparing for 2025’s Challenges…and Opportunities
The private rental sector is undergoing transformation with the rollout of the Renters’ Reform Bill and the upcoming 2028 deadline for rental properties to achieve an EPC rating of “C” or higher. Rental demand remains strong, with the average monthly rent in the UK reaching £1,270, a 3.9% year-on-year increase.
Tips for Landlords:
Stay Ahead of Regulations: Review the EPC ratings of your properties and plan necessary upgrades now to avoid last-minute expenses.
Enhance Tenant Retention: Offer longer tenancy agreements or make minor improvements to maintain a stable income.
Consider Property Management Services: Navigating compliance can be complex; hiring a professional service can save time and reduce stress.
Discover how we support landlords in Sevenoaks with our expert advice and services. Call 0333 242 3292.
Renters: Navigating Rising Rents and New Protections
The rental market remains competitive, but tenants now benefit from stronger rights under the Renters’ Reform Bill. January has seen continued demand for rental properties in Sevenoaks.
Tips for Renters:
Be Prepared: Keep references, ID, and proof of income ready to act quickly when you find a suitable property.
Understand Your Rights: Familiarise yourself with the new legislation to ensure you’re protected from unfair practices.
Expand Your Search Area: Flexibility on location or property type can open more options in a competitive market.
Visit our website to browse our latest rental properties in Sevenoaks to secure your next home.
Market Projections for 2025
The UK property market in January 2025 reflects a positive start to the year, with activity levels on the rise and a more balanced market dynamic emerging. Whether you’re buying, selling, or renting, the year ahead holds promise, particularly for those who act decisively in this early market upturn.
Key Statistics:
Average UK house price: £297,166 (December 2024)
Average rent: £1,270 per month
Time to sell: 58 days
Whether you’re looking to buy, sell, rent, or let a property, Maison Partnership is here to help. We publish our insights each month so that you can find out what's happening in the UK property market. Contact us today on 0333 242 3292 or email concierge@maisonpartnership.com for advice from your local property experts.
