Navigating the South London Property Market: Key Insights for 2025
The South London property market is at a pivotal moment. Recent data from Rightmove reveals trends that could shape your next move. Here are the key takeaways:
- Price Adjustments: New seller prices have dipped by 1.4% to £366,592. This is larger than the typical seasonal drop, indicating a price-sensitive market. Sellers need to be strategic.
- Buyer Demand: Despite fluctuations, buyer demand surged by 23% in early October compared to 2023. This shows resilience, but post-Budget nerves have caused some dips. Timing your purchase is crucial.
- Inventory Levels: With inventory per branch at a decade-high, pricing discipline is essential. Sellers must be competitive to stand out in a crowded market.
- Future Projections: Rightmove forecasts a 4% rise in average new seller asking prices for 2025, contingent on affordability improvements. This means now could be a smart time to act before prices rise.
- Strategic Moves: Sellers should price keenly and highlight key features like transport links and schools. Buyers, on the other hand, should secure agreements in principle and consider rate locks to navigate potential changes in stamp duty.
In this dynamic landscape, how are you planning to position yourself?
#SouthLondonProperty #RealEstateInsights #MarketTrends
If you are looking for help with your property in London – Sales, Rentals, Investments.
Reach out: 07837 093554 or email me at jeroen@claphampropertyblog.com
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