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ARTICLE · 12 FEBRUARY 2025

Positivity At Last For 2025!

Sherrards Solicitors LLP
Sherrards Solicitors LLP
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Sherrards Solicitors LLP

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The housing market activity in January was approximately 13% higher than the same period last year. This builds on the momentum from late 2024...

United KingdomReal Estate and Construction
Caroline Vernon
Caroline Vernon

The early indicators for 2025 suggest a positive outlook for the UK housing market.

The housing market activity in January was approximately 13% higher than the same period last year. This builds on the momentum from late 2024, where mortgage approvals returned to pre-pandemic levels, according to the Bank of England. 

In addition, the Bank of England have rewarded us with a further interest rate drop to 4.5%. the prediction is that the Bank of England is likely to proceed with rate reductions in 2025.

House Prices Maintain Stability

House prices tend to fluctuate due to various economic factors, but consistent demand and a recovering mortgage market have helped with house price growth in January.

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