As we welcome 2025, we’d like to wish a Happy New Year to all our clients, both old and new! Looking ahead, here’s what we anticipate for the property market this year:
• Buyer’s Market Continues: With the number of available properties at a decade-high for this time of year, buyers are likely to have more negotiating power.
• Reduced Competition: Unlike the frenzy of pandemic markets, buyers may find more breathing room to select the right property at the right price.
• Stamp Duty Shake-Up: Changes set for April could spur a rush to buy early in the year, potentially distorting the market.
• Affordability Matters: Incomes are expected to outpace inflation again, which may encourage those who delayed moving to take the plunge.
Takeaway: Whether you’re buying or selling, 2025 promises new opportunities. Stay informed and plan ahead to make the most of the evolving market!
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