Property Market Update - June 2025 📊
One of the most common questions we get asked is, how is the property market at the moment? So let’s take a look at the facts and data! 📈🚀
Property Market Update – June 2025 📈📊🏡
So what does the market look like and what does that mean for both vendors and buyers!
👉New listings are on the rise, up 4.13% year-on-year and 23.82% above the May average, marking the busiest month for new sellers since August 2020!
👉Over 100,000 price reductions hit the market in May 🔻, yet it was still the strongest month for sales agreed since April 2022 and the best May in 4 years! ✅
👉The LandRegistry reported record-high house prices 💵, showing continued buyer demand.
👉Transactions in March more than doubled (+104%) compared to last year 🔥, but April saw a slowdown, down 28% year-on-year and 64% from March ⬇️
👉Mortgage approvals dipped for the fourth month in a row, falling 5.91% month-on-month. But year-on-year they’re down just 0.49% and still 6.01% above the 10-year April average 📊
👉So far in 2025, monthly approvals are averaging 65,119, already 4% above the monthly average for 2024, which saw a 31% jump on 2023 🚀
The market is full of activity with some ups and downs, but signs remain strong for motivated sellers and serious buyers! 🤝🔑
