Your April 2026 Property Market Update

 

The housing market has remained surprisingly steady so far in 2026, even as mortgage rates have risen sharply in recent weeks following global uncertainty linked to the conflict in Iran.

While headlines may suggest disruption, the reality on the ground across North Kent is more measured. Buyers are still active, sellers are still moving, and deals are still being agreed, just at a slightly more balanced pace than last year.

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Buyer Demand: Softer, But Not Falling Further

Buyer demand in April is currently 7% lower than the same period in 2025. On the surface, that might sound concerning, but context matters.

This same trend was seen earlier in the year, with demand also sitting 7% below 2025 levels in February and March.

The key reason? 2025 was an unusually strong market.

Many buyers rushed to complete purchases ahead of stamp duty changes, creating a surge in activity that’s difficult to match. Add in the timing of Easter this year, and comparisons become even less straightforward.

Crucially, demand hasn’t dropped further in response to recent global events. That suggests a level of underlying stability in the market.

Is 2026 Still a Good Time to Buy?

In short, yes, but with a more strategic approach.

Despite higher borrowing costs, several factors are working in buyers’ favour:  

• Wages are rising, up 3.9% annually

• House prices have softened slightly, down 0.9% year-on-year

• Borrowing power has improved, following updates to lending guidance by the FCA

• First-time buyers remain active, with demand only 6% lower than last year

• Sales agreed are holding steady, just 3% behind this time in 2025

What this tells us is simple: buyers are adapting, not disappearing. For many, the combination of improved wages, slightly lower prices, and more flexible lending is helping to offset the impact of higher mortgage rates.

What’s Happening With Mortgage Rates?

Mortgage rates have seen a noticeable jump in recent weeks.

According to market data, the average two-year fixed rate has risen to 5.42%, up from 4.25% before the escalation of global tensions. For a typical buyer, that’s an increase of around £235 per month.

Financial markets are now anticipating that the Bank of England may hold or even increase the base rate further this year, rather than cut it as previously expected. This has fed directly into higher mortgage pricing.

That said, there are signs that the initial spike has settled, with rates stabilising over recent weeks. What happens next will largely depend on inflation data and future decisions from the Bank of England.

What Does This Mean for the North Kent Market?

Some buyers are understandably more cautious right now, particularly with ongoing cost-of-living pressures and higher borrowing costs.

But here’s the reality:  

• People still need to move

• Life events haven’t paused

• The market is adjusting, not stopping

We’re seeing resilience from buyers who are taking a longer-term view, alongside sellers who are becoming more realistic on pricing.

In this kind of market, success comes down to:  

• Accurate pricing from the outset

• Strong presentation and marketing

• Clear, expert guidance throughout the process

Thinking of Moving?

If you’re considering a move in North Kent, understanding where your property sits in today’s market is the first step.

At Quealy & Co, we combine local expertise, honest advice, and proven marketing strategies to help you move with confidence whatever the market conditions.

hello@quealy.co.uk
01795 429836

Book your free, no-obligation property valuation today:
https://www.quealy.co.uk/properties-valuation

Whether you're buying, selling, or just exploring your options, now is the time to get informed and get ahead.

Source: Rightmove House Price Index April 2026, Dataloft April 2026.