More first-time buyers! | Property News Feb 2025
The property market in 2025 is off to a strong start, with increased first-time buyer activity and improving mortgage rates shaping positive trends.
Market Update: A Strong Start to 2025
As we step into 2025, the property market is already giving us plenty to talk about. While there’s been a slight dip in new listings across the board, here at Manning Stainton, we’ve seen a strong start with more properties available for our registered buyers. It’s a great sign that, despite some market fluctuations, there are still plenty of opportunities for those looking to buy or sell.
A Big Increase in First-Time Buyers
One of the most interesting trends so far this year is the big jump in first-time buyer (FTB) registrations—up 24% at Manning Stainton. That’s a huge boost and a really positive sign, as FTBs are the ones who kickstart property chains. That said, we can’t ignore the fact that some of this surge might be down to buyers rushing to get in before the stamp duty changes at the end of March. Either way, it’s definitely something we’ll be keeping an eye on over the next few months.
When it comes to sales, the wider market saw a slight dip compared to last year. However, we’ve actually seen an increase in our own figures, which is a reassuring sign. It also proves that having the right estate agent on your side really does make a difference—it’s not just about sticking a property online and hoping for the best. Smart marketing, expert advice, and local knowledge continue to be key to getting great results.
Market Resilience Despite Challenges
What makes this strong start even more impressive is that January wasn’t exactly smooth sailing. With bad weather making things trickier, you might have expected the market to slow down, but demand remained solid. Buyers are clearly still keen to make moves, especially with mortgage rates looking a little more attractive.
Outlook for 2025
Looking ahead, all eyes are on a potential interest rate cut, and we’re already seeing lenders respond by adjusting their mortgage rates. As predicted, borrowing is starting to become a bit more affordable, which is great news for buyers. If this trend continues, we could see more competition in the market, which in turn could push property prices up.
So, is now a good time to buy? It’s looking that way. With rates improving and prices likely to rise in the coming months, getting in sooner rather than later could make financial sense. Of course, the market will keep shifting, but the early signs for 2025 are looking really encouraging, especially for those who are ready to take advantage of current conditions.
Overall, we’re feeling optimistic. With better mortgage options and strong buyer interest, the next few months could bring some great opportunities for anyone looking to buy or sell. If you’re thinking of making a move, now might just be the right time to start the conversation.
