IN THE COUNTRY &TOWN Welcome to
Creating the inspiration to move
abolishing Section 21 evictions and introducing periodic tenancies. Landlords who are interested in finding out more could start with a read of this news item or better still, telephone our residential letting head office on 01252 622550. The Governments commitment to increasing housing supply is moving forward, including overhauling the National Planning Policy Framework, including new and higher mandatory housebuilding targets for councils and a comprehensive modernisation of the Green Belt. More details of the Bill will evolve, but in the meantime indicators include streamlining decisions on nationally significant infrastructure projects and reducing the burden on developers for consultation requirements and strengthening statutory guidance to ensure they are clear over what is and is not required when submitting planning applications.
The Market
The first quarters trading in 2025 is one of the busiest I have experienced in over 40 years in the property industry, so despite the house market remaining price sensitive the buyer demand to purchase is very high indeed. This shop floor experience of McCarthy Holden is reflected in some interesting statistics from the FCA (Financial Conduct Authority), who released their March statistic which included some impressive facts. One in particular is their reveal that the value of new mortgage commitments (lending agreed to be advanced in the coming months) increased by 4.9% from the previous quarter to £69.3 billion, the highest since 2022 Q3, and was 50.7% higher than a year earlier. The market up-tick experienced in 2024 is likely to continue throughout 2025, especially if prices remain relatively stable, thus avoiding the risk of overheating.
Residential Lettings
The residential lettings market remains very active with tenant demand resilient especially in the £3,000pcm to £4,500pcm market sector. At the top end, demand in the £6,000pcm to £12,000 p.c.m. sector is currently robust. As we look ahead to the Spring and quarter two trading in 2025, the housing market shows every indication of a positive trajectory.
We’re Recruiting
Perhaps unsurprisingly, given the market conditions and our plans to expand the business we are currently recruiting for personnel across residential sales and residential lettings specialities. If anyone already working in estate agency or, in a service based career and looking for a change, then take a look at this news item.
Other Market Factors
The Renters’ Rights Bill continues to progress, aimed at reforming the private rental sector and expected to become law after Easter 2025.This is likely to be implemented between July and October 2025, potentially
John Holden - Chairman McCarthy Holden
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