🏡 Our Summer 2025 Market Reports Are Now Available
While price growth is beginning to ease as supply increases, mover activity remains steady, reflecting a strong current of underlying market demand.
The housing market has shown continued resilience, maintaining momentum after the pre-April stamp duty rush. While price growth is beginning to ease 📉 as supply increases, mover activity remains steady, reflecting a strong current of underlying market demand.
Buyer Activity
After a busier-than-usual March due to looming stamp duty changes, monthly mortgage approvals declined by 4.9% in April alongside new buyer demand. This was an expected slowdown after the stamp duty rush, and there are early signs of a bounce-back in May 🔄.
Mortgage approvals are only marginally below (-2.1%) where they were last year, pointing to a steady level of demand and confidence in the market. Over half (53%) of agents say buyer confidence has improved compared to three months ago.
Rebound
The interest rate cut in May to 4.25% is helping support demand. The Bank of England announcement led to improved mortgage rates and headlines on sub-4% mortgages 📰.
Housing market activity is regaining momentum following the end of stamp duty reliefs, with the number of sales agreed in May reaching a four-year high.
Strong demand, however, is being balanced by a rise in homes for sale, up 13% year-on-year. With more properties on the market, buyers can enjoy greater choice, helping to keep prices steady ⚖️.
📖 Read the full report here: GuildSummer2025SouthEast - Page Turner
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