UK Property Market 2025 vs 2024, A More Local Story Than Ever
This comparison of UK
homes, split down by region sold subject to contract in 2025 versus 2024 shows
a market that is steady overall, but increasingly shaped by local conditions
rather than national headlines.
Several regions have
seen encouraging growth in house sale volumes. The East Midlands leads
with transactions up 5.6%, closely followed by the West Midlands at
4.6%. These areas continue to benefit from a combination of affordability,
sensible pricing and consistent buyer demand.
Across the North,
activity remains positive and resilient. The North West and North East are
both up 3.4%, with Yorkshire and the Humber slightly higher at
3.5%. Northern
Ireland also continues its steady recovery, recording a
4.2% uplift in sales agreed.
In the South, growth is
present but more measured. The South East has seen a 2.7%
increase, while the South West is up 1.3%. These figures reflect a
market that is functioning, but with buyers taking more time and being more
selective.
For Scotland and London,
sales volumes are lower than last year, down 2.1% and 3.5% respectively. Rather
than signalling weakness, this points to adjustment. Both markets are highly
sensitive to pricing, affordability and policy changes, and typically respond
later in the cycle. Importantly, demand remains, but expectations on price and
value are tighter.
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