Marketing Newscast

(Edited 14 April 2025)

 March saw significant activity in the UK’s housing market. With a wave of buyers rushing to complete transactions ahead of stamp duty changes, the market has once again shown resilience amongst economic shifts. 

As the deadline for stamp duty changes approached, many buyers moved quickly to complete purchases. Despite this urgency, the market remained balanced. House price inflation slowed to 1.8%, as the supply of homes coming to market outpaced growth in agreed sales.

A property to rent in Carrara Tower, EC1V

Despite this, the appetite to buy is still strong, with a 5% year-on-year increase in sales agreed upon. With steady mortgage rates, experts predict further increases in sales activity, even as price growth stabilises. 

For renters, the market is beginning to show signs of cooling. The annual rate of rental inflation for new lets has dropped to its lowest level in three and a half yeats. Rents rose just 3% over the past 12 months, down from 7.4% a year earlier. 

Additionally, rental supply is up 11%, while tenant demand is down 17% year-on-year. Currently, there are 12 renters per available property, compared to much higher numbers during the peak period from 2022 to 24, a welcome sign for renters. Looking ahead, UK renters are expected to rise modestly by 3-4% throughout 2025. 

Austin Homes is a leading estate agent working across London, including Shoreditch, Hackney, and Hendon. With expert market knowledge and local experience, Austin Homes is well-positioned to help sellers, buyers, and renters navigate the changing landscape of the housing market.