IN THE COUNTRY &TOWN Welcome to
Creating the inspiration to move
The Market
Other Market Factors
With new house sales arranged continuing at a high level in April, it looks like the quarter two house sales will continue the positive outcomes from the first quarter trading in 2025, which was one of the busiest I have experienced in over 40 years in the property industry. This positive buyer intent is seen as we went to market this week with a £2.5m. property for sale in Finchampstead, Berkshire which achieved 8 viewing requests since going on the market a few days ago.
The cost of mortgages is slowly falling, both on a weekly and annual basis and as of a week ago it was possible to take out a 2-year fix with a typical rate of 4.81%, and for 5-year fixed rate mortgages they now stand at 4.70%, down -0.03% from last week and -0.13% annually. We’re now a few weeks away from May’s Bank Rate decision, and as things stand it’s looking highly likely we’ll see a second rate cut of 2025.
Residential Lettings
Apparently wealthy homeowners in London are leaving and renting out their properties ahead of April’s abolition of the non-dom tax regime, and at the same time rental values of flats in London’s most expensive postcodes have soared by 7.9% in the first three months of 2025. Closer to home the rental market in our area of operation in Hampshire, Surrey and Berkshire 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 move into the Spring and quarter two trading in 2025, the housing market shows every indication of a lively period ahead.
many viewing requests on this £2.5m. home
In summary, the house market remains price sensitive however the buyer demand to purchase is very high indeed.
John Holden - Chairman McCarthy Holden
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