Essentially Mortgages Q2 Spring 2025

A surge in new listings means buyers have a greater selection and improved negotiation opportunities

Spring property market insights

As the days grow longer and gardens burst into bloom, the UK property market is entering a vibrant season. Data from Rightmove shows a strong start to 2025, with average asking prices rising by 1.7% (£5,992) to £366,1891 . This positive momentum suggests confidence from both buyers and sellers as the year progresses.

Why is spring a prime time for the property market?

Spring’s brighter days and improved kerb appeal make it an ideal time for selling homes. According to Rightmove, nearly 70% of properties listed in February and March proceed to completion, with February listings taking just 51 days on average to secure a buyer.

More choice for buyers

A surge in new listings means buyers have a greater selection and improve negotiation opportunities. Sellers are pricing competitively and mortgage rates are stabilising.

How to stay ahead in a competitive market

Acting swiftly can help buyers secure their ideal home. Getting a mortgage
agreement in principle before starting the search strengthens buying power. A well-planned budget should include not just the deposit but legal fees, Stamp Duty and moving costs. First-time buyers should remember that the Stamp Duty changes from 1 April will affect purchases over £300,000.

Researching local prices and amenities ensures informed decisions. Transport links, schools and shops influence both lifestyle and investment potential. High demand means early viewings can give buyers an edge in securing their dream home.

Let’s plan your next move

Whether buying or selling, we can help navigate mortgages and market opportunities. With strong conditions and greater choice, now is an excellent time to take your next step on the property ladder.
Rightmove, 2025