Published: 20/06/2025 By Alex Maile
June has arrived and, with it, those glorious long summer evenings when the garden becomes the most important room in the house.And the property market is warming up nicely, too. Despite all the downbeat predictions about what would happen after the stamp duty holiday ended in April, the market has done what it always does – shrugged its shoulders and got on with things and asking prices were up by 0.6% in May.
What's particularly encouraging is that there's also now plenty of choice out there for buyers. In fact, there are more properties on the market than we've seen for years, which you'd think might dampen things down. Instead, it seems to be having the opposite effect, with buyers enjoying the luxury of having more choice.
And, with the base rate continuing to come down, the mortgage market is another seasonal bright spot.
In the rental world, there's also some welcome news for hard-pressed tenants, with rent rises slowing to their lowest level in four years at +2.8% per annum. According to Zoopla, it is the result of a softening of demand, although it remains a long way above pre-pandemic levels and, as the supply of rental property shows no signs of improving, the process is unlikely to accelerate.
So, looks like it's shaping up to be a good summer in the property world, but that's it from me for now. See you again next month!