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Rightmove Reports a Promising Start to 2025 for the Property Market

Rightmove Reports a Promising Start to 2025 for the Property Market

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)

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The information contained in this article is provided for general information and guidance only and should not be relied upon as a substitute for professional advice. While Eastaway Property takes reasonable care when preparing its content, we make no representations or warranties, express or implied, as to the accuracy, completeness, reliability, suitability or continued availability of any information contained within it. Information may change after publication, including legislation, regulations, government guidance, property market conditions, prices, interest rates, tax rules, local information, services and third-party information. Readers should always check current information and obtain appropriate professional advice before making decisions, entering into transactions or carrying out work. Nothing published within the Eastaway Property blog constitutes legal, financial, mortgage, tax, conveyancing, surveying, structural, planning, building, electrical, gas or other specialist professional advice. Any gardening, home maintenance, DIY or similar content is general guidance only. Work requiring specialist knowledge, qualifications or appropriate safety precautions should be undertaken or assessed by a suitably qualified professional. Property values, market commentary, pricing observations, timescales and opinions are general in nature. Every property, transaction, market and individual’s circumstances are different. No information contained within the blog constitutes a valuation, guarantee of value, prediction of future performance, or guarantee that a property will sell, achieve a particular price or complete within a particular timescale. References to third-party websites, businesses, products, services, schools, transport, amenities or other external information are provided for general information and convenience only. Eastaway Property does not control third-party information and does not accept responsibility for its accuracy, availability, content or continued relevance. Inclusion of a third party does not necessarily constitute an endorsement or recommendation. To the fullest extent permitted by law, Eastaway Property Services Limited accepts no liability for any loss, damage, cost or expense arising from or connected with the use of, or reliance upon, information contained in its blog or any third-party information or website referred to within it. You are responsible for verifying information relevant to your own circumstances and for obtaining appropriate independent professional advice where required. Information is correct to the best of our knowledge at the time of publication.

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