A Promising Start to 2025 for the Property Market
The property market has kicked off 2025 with a surge of activity, as a record number of sellers bring their homes to market. Recent data from Rightmove reveals that the average asking price has increased by 1.7% (+£5,992) this month to £366,189—the largest January rise since 2020.
Although prices remain nearly £9,000 below their peak in May 2024, this increase highlights a strong start to the year, with buyer demand also on the rise. Enquiries from prospective buyers are up by 9%, and the number of sales agreed has increased by 11%.
Here at Eastaway Property, we’re seeing these trends reflected locally in Stamford and the surrounding areas. With plenty of homes coming to market and buyers eager to make their move, 2025 is shaping up to be a busy year.
A Market Full of Opportunities
Buyers are benefitting from the highest level of choice at the start of a year since 2015, as the number of new listings has increased by 11% compared to the beginning of 2024. However, this abundance of options also creates fierce competition among sellers, who will need to ensure their homes stand out.
Mortgage activity has also seen a boost, with Rightmove reporting its busiest start to the year for Mortgage in Principle applications. This is a clear indicator of buyer intent and suggests strong demand moving forward.
Challenges on the Horizon
Despite this encouraging start, challenges remain. Mortgage rates are still relatively high, with the average five-year fixed rate at 4.75%. Additionally, the upcoming stamp duty deadline on 31st March could have an impact on certain segments of the market, particularly first-time buyers purchasing homes over £300,000.
What We Recommend
If you’re considering selling your home in Stamford or the surrounding areas, here are our top tips to succeed in this competitive market:
- Choose the Right Agent: Working with an experienced local agent is essential. At Eastaway Property, we combine in-depth market knowledge with personalised advice to help you achieve the best possible results.
- Set a Realistic Price: Pricing your home competitively is key to attracting buyers quickly. Overpricing can lead to your property sitting on the market for too long.
- Focus on Presentation: A well-presented home with standout features will catch the attention of buyers. Consider small improvements or staging to make your property shine.
- Take Professional Advice: Trust your agent’s expertise when it comes to pricing, marketing, and preparing your home for sale. Their guidance can make all the difference.
Looking Ahead
While 2025 has started with great momentum, navigating the market requires expertise and careful planning. Whether you’re looking to sell, buy, or simply explore your options, Eastaway Property is here to guide you every step of the way.
With 20 years of experience in the Stamford property market, I’m confident that, together, we can make your property goals a reality.
For more information or to explore properties in Stamford and beyond, contact Eastaway Property today.
(Source: Rightmove House Price Index)