Your April 2025 Property Market Update

 

After a hectic March defined by the Stamp Duty deadline of March 31st, during which we achieved our second highest number of home moves at 49, activity has returned to typical Spring conditions.

The outlook remains positive; on one hand, some buyers might be wary of the impact of Trump’s tariffs, while on the other, buyers are looking forward to the prospect of mortgage rates continuing to fall. Recent reports indicate that the average mortgage is now only £28 per month more than what would be paid for the average rental property.

Let’s dive into what’s happening in the UK property market this April. Whether you’re buying, selling, or just curious, Quealy & Co have got you covered with the latest trends in house prices, timelines, and more.

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Asking Prices – Rightmove

In March 2025, Rightmove noted an increase in asking prices:

• Monthly Increase: Up by 1.1%, about £3,876, from last month.
• Average Asking Price: Now at £371,870.

This rise aligns with spring market trends, where sellers expect more buyer interest. With the highest number of properties for sale in a decade, buyers have plenty of options. Even as some stamp duty incentives end, buyer interest remains lively, indicating strong market confidence.

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Surveyor Insight – RICS

The Royal Institution of Chartered Surveyors (RICS) tells us the market is stabilising:

• Buyer Enquiries: The net balance for new buyer enquiries improved to -29% in February, up from -45% in January, indicating a less pronounced decline in demand.​
• Agreed Sales: Steady with a net balance of +1%, showing stable transaction levels.
• Market Outlook: Surveyors expect sales to rise over the next three months, showing cautious optimism.

These points show a market ready for future growth, even as it cools slightly.

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Market Outlook – Zoopla

Looking forward, Zoopla predicts a steady flow of sales for 2025:

• Sales Growth: More agreed sales are expected as more sellers-who-are-also-buyers enter the market.
• Price Inflation: House price growth should ease as supply increases and stamp duty costs in England begin to impact pricing.

For sellers, being realistic with pricing is key. Buyers have choices and aren’t looking to overspend. The market feels more balanced and stable, with supply and demand in healthy tension.

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How Long Does It Really Take To Buy A Home?

Buying a home? It involves several stages, each with its own timeline. Here’s a breakdown from Move iQ, usually spanning 12 to 22 weeks:

• Mortgage Approval: Takes from 5 days to 8 weeks, depending on your finances and lender rules.
• Selling Your Current Home: If selling too, it could take 4 to 10 weeks, influenced by the market and your property’s appeal.
• Finding a New Home: Can vary, generally 1 to 10 weeks, based on what’s available and your preferences.
• Making an Offer: Usually 1 to 2 weeks to negotiate and get your offer accepted.
• Conveyancing: This legal process averages 12 to 16 weeks to transfer ownership.
• Property Survey: Takes about 1 to 3 weeks to check everything’s in order.
• Moving In: Finally, moving in can take from 1 day to 2 weeks, depending on your move’s complexity.

Planning to move in by the start of the 2025 - 2026 school year? Start now to manage any potential delays and avoid disappointment.

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Moving Home In Kent?

We're here to help guide you every step of the way, so get in touch with our friendly team with any questions you have above moving home.

Quealy & Co brings you all the latest property market news each month. For a more localised property report for your specific postcode, please get in touch with the team on 01795 429836 or email hello@quealy.co.uk. We’d be happy to send you one for free.

You can also use our instant online valuation tool if you want a ballpark figure of your home's value to sell or to let: Click here.

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Note: The information in this article is based on data as of April 2025 and may change. Always seek professional advice for your specific circumstances.