Propertymark’s latest Housing Insight Report, which takes a look at the trends that affected the UK housing market in January 2025, has been released.
The trade body gathered the statistics by surveying estate and letting agents who are members of NAEA Propertymark and ARLA Propertymark.
It found that following the festive period, the average number of viewings per available property in January 2025 saw a positive uplift. This figure stands at an average of 2.5 viewings for each property marketed.
On average, there were around 10.5 homes placed for sale per member branch in January 2025.
The average number of new prospective buyers registered per member branch saw an uplift to 87 per member branch in January 2025.
As far as lettings is concerned, the average number of new tenancies agreed upon per member branch climbed to around eight in January 2025.
In January 2025, 59% of member agents reported that rents remained generally static, with 15% reporting they had seen an overall fall and near 26% reporting they felt rents had increased.
The average number of properties available for rent stays broadly static at 12.3 per member branch in January 2025.
Meanwhile, the average number of new tenancies agreed per member branch climbed to an average of around 8 in January 2025.
Nathan Emerson, CEO Propertymark, commented: “As widely expected, January 2025 saw an uplift in activity in the sales market due mainly to the stamp duty thresholds changing, requiring many homeowners completing from April onwards to pay more tax in England and Northern Ireland.
“It will be interesting to see how the dust settles within the sales market as we move closer to that deadline. Indeed, we are likely to witness this spike in activity tail off. However, people continue to adapt to market conditions, and for those who are factoring in this additional cost, their home move plans may remain unchanged.
“For the private rental market, pressures remain, and the age-old story continues of demand levels increasing against a slowing backdrop of supply. We know that without government support for landlords to continue in the market or for future investors to enter, many may take their investment capability elsewhere or sell up altogether, worsening the ever-widening gap and ultimately pushing up rents even further.”
Read the orginal article: https://propertyindustryeye.com/buyers-rush-to-complete-deals-ahead-of-stamp-duty-deadline/
