Economic Stability & Buyer Demand Are Pushing Prices Up
With inflation easing and interest rates expected to stabilise, borrowing conditions are becoming more favourable. A strong job market and rising wages are also boosting buyer confidence, particularly among first-time buyers eager to get on the property ladder before prices climb further.
For Buyers: Lower mortgage rates and improved affordability mean now could be an opportune moment to start your search.
For Sellers: Increased buyer confidence could lead to competitive offers, especially in high-demand areas.
Supply Remains Tight, Creating Competition
While new developments are in progress, they are struggling to keep pace with demand. In popular areas such as East Sheen, Richmond, Putney, and Barnes, housing stock remains limited, putting upward pressure on prices.
For Buyers: Be prepared to move quickly when you find the right home, and consider a broader range of locations.
For Sellers: A competitive market means well-presented and realistically priced homes are likely to attract strong interest.
Regional Hotspots – Where Growth Is Strongest
Not all regions will experience the same level of price increases. Rightmove’s data suggests that:
London’s property market is set for steadier, more gradual increases, particularly in prime locations. However, demand in South West London, including Putney, Richmond, and Barnes, remains high due to excellent transport links, green spaces, and sought-after schools.
How Buyers Can Stay Ahead in a Rising Market
With house prices on the rise, preparation is key to securing your ideal home before values climb further.
✅ Get mortgage pre-approval – Strengthen your position by securing financing early.
✅ Be flexible on location – Expanding your search could help you find better value.
✅ Work with local experts – An experienced estate agent can guide you through competitive market conditions.
✅ Explore buyer incentives – Government-backed schemes may offer financial support for first-time buyers.
Take Action Before Prices Climb Further
If you’re considering a move in 2025, now is the time to start planning. With prices expected to rise, early action can help you secure the right property at the best possible value. Get in touch with James Anderson today to explore the latest opportunities in East Sheen, Richmond, Putney, and Barnes.
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