Your July 2025 Property Market Update

 

Welcome to the July edition of Property Market Insights from your friends at Quealy & Co. Estate Agents in Kent. If you're thinking about buying or selling in Kent, staying in the loop with the property market is super important, and we're here to guide you every step of the way.

We've put together insights from top sources to give you a snapshot of what's happening in the UK housing market right now.

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House Prices: Stability Amidst Moderation

Halifax reports the UK's average house price stayed steady at £296,665 in June, holding onto a 2.5% annual growth. They see the market as stable, with prices standing firm despite economic challenges. Nationwide agrees, noting a slower 2.1% annual growth and a slight 0.8% monthly drop. While affordability issues and economic caution are tapping the brakes on price growth, resilience is still strong, especially in more affordable areas.

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Asking Prices: Sellers Becoming Realistic

In June, sellers became more realistic after spring's highs. Rightmove observed a 0.3% dip in asking prices, averaging £378,240, it's the first June dip in a decade. This shows sellers are adjusting to the market's price sensitivity, spurred by more competition and April's stamp duty changes. Higher-priced regions, notably London and the South, witnessed the largest drops.

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Supply and Demand: Buyers in Control

There's been a big boost in housing supply, with up to 14% more homes on the market than last year, according to Zoopla and Rightmove. Estate agents are seeing their highest stock levels in years, giving buyers more choices.

Buyers are still active with Rightmove saying inquiries are up 3% from last year, and Zoopla shows a 6% rise in sales agreements. Buyers are savvy and budget-conscious, often negotiating about a 3% discount off asking prices. Homes priced right are selling well.

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Mortgage Rates: Some Relief at Last

Good news on mortgage rates! They've continued to edge down. Moneyfacts highlights average fixed rates for both 2-year and 5-year mortgages are around 5.08-5.09%: the lowest since late 2022. This fall, along with slightly eased affordability checks, is helping to boost buyer confidence and keep the market buzzing.

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Market Summary: Achieving Balance

June showed the market settling into a nice balance: prices aren't skyrocketing, demand is steady yet cautious, and supply is up with affordability getting better. Sellers who price fairly are hitting the mark, and buyers have more options and negotiating power.

Looking forward, the market seems poised to stay balanced, with a bit of growth on the horizon. Sellers need to price smartly, and buyers, with better borrowing conditions and more choices, should make the most of their position thoughtfully.

In short, June showed us a balanced, buyer-friendly market, promising for those aiming to move without the rollercoaster ride.

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Thinking of Moving Home in Kent?

Quealy & Co. is here to keep you informed with our monthly property market updates. Want a local house price report specific to your area? Just give us a ring at 01795 429836 or drop us an email at hello@quealy.co.uk. We’re happy to send you one for free.

For a quick online valuation of your home's market value, whether you're selling or letting: Click here.