12 Jun 6 months into 2025 – a property market update

We’ve reached the halfway point of 2025 and now’s the perfect time to reflect on the market with a property market update. So join us as we explore how the industry has evolved during this time and what buyers, sellers, landlords and tenants can expect moving forward. 

A return to stability

It’s no secret that the last few years have been turbulent with rising interest rates and economic uncertainty but this year we’ve seen a more stable market. Interest rates have remained steady and mortgage markets and buyer confidence have both improved because of this. 

Regional growth

The North West and particularly Manchester has seen price growth over the last few months and demand has remained high for the likes of city centre apartments. What’s more, suburbs around Greater Manchester are witnessing competitive bidding with good schools and improved transport links driving interest in these areas. 

Rental market pressure

The lettings market is still strong despite demand outstripping supply in many areas. Unfortunately, renters do still face rising costs especially in central locations and landlords are also having to navigate stricter rules. However, the demand and yields available remain attractive – especially when it comes to energy-efficient and well-managed homes. 

So, what’s ahead?

Looking towards the latter half of the year, we expect continued house price growth especially in high demand areas. However, it’s important to note that sellers and landlords with realistic pricing are seeing the best results. One thing’s for sure, we’ve seen confidence grow across the board and our team is here to help you whatever stage of the property journey you’re at. So why not drop us a message today or pop into our Chapel Street office?