Published: 23/05/2025 By Alex Maile
After what's been an unusually dry and sunny April, it looks like the rain may finally be on the way. In the property market, though, things are just starting to warm up.Spring is traditionally the time of year when the housing market gets going again, and despite all the doom and gloom about President Trump's trade tariffs and a somewhat flat economy, it is doing just that. Rightmove's figures are especially encouraging, with both prices and sales activity all firmly in positive territory, while the increasing numbers of properties coming onto the market are providing buyers with their best choice in years.
The real ray of sunshine, however, is what's happening to mortgages. The Bank of England's recent cut to 4.25% is just the beginning, with up to four more reductions expected this year. Mortgage costs are already coming down, and, at the same time, lenders are relaxing their criteria and boosting buyers' access to funds.
If you, like a number of others, have been delaying your next move in the hope of cheaper finance, this is exactly what you've been waiting for!
The rental market, on the other hand, is showing real signs of a continuing cooldown. However, as supply levels remain constricted, it is still very competitive out there and multiple tenants are chasing every available property. There is no doubt, though, that affordability has been getting increasingly stretched, so the steadying of the market is no bad thing, as it is in no one’s interest to see tenants struggling and arrears rising.
So, it seems there's real cause for optimism about the road ahead. And all that sunshine means, if you are considering putting a property on the market, either for sale or rent, all those outside spaces will be looking their absolute best and those inside spaces will be as light and bright as can be.
All you need to do to get the ball rolling is to give me a call.
Right then, enjoy the sunshine (and the rain) and I’ll be back again next month.