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Property Trends for 2025 You Should Know About

Miller Metcalfe posted on 26th February 2024

As we approach 2025, the property landscape in the North West of England is evolving, with a mix of growth and market challenges. Demand remains robust in popular areas, but economic pressures and evolving buyer preferences are influencing property values and transaction volumes. Staying informed about these trends is crucial, especially if you’re considering selling your home. Here, the expert property team at Miller Metcalfe highlights the key trends to watch for.

Trend 1

Interest Rate Reductions

The Bank of England’s base rate is projected to decrease to around 3.75% by the end of 2025, down from the current 5.25%. This reduction is expected to lower borrowing costs, making mortgages more affordable and stimulating buyer activity.

Trend 2

Increased Buyer Activity

With anticipated interest rate cuts, the market is likely to see a surge in buyer activity, particularly in the first half of 2025. This uptick is expected to lead to higher transaction volumes and increased competition for properties.

Trend 3

Regional Market Dynamics

London is expected to outperform other regions, marking the beginning of a new housing cycle. This resurgence is likely to influence investment patterns and buyer interest across the UK.

Trend 4

Home Offices & Multifunctional Spaces

Home office spaces continue to remain highly relevant in the property market and demand for adaptable home environments. The shift toward remote and hybrid work, which was accelerated during the pandemic, has become a lasting trend. Many UK buyers now prioritise properties with dedicated workspaces or spaces that serve multiple purposes, such as a home office that can be turned into a guest bedroom. 

Homes with features such as soundproofing, strong internet connectivity, and natural lighting are increasingly attractive. This trend is reshaping both urban and suburban property markets, as buyers seek not just additional rooms but spaces that offer privacy and comfort for extended work-from-home periods. Properties with flexible layouts that can easily accommodate a home office are especially appealing, reflecting the ongoing integration of work into home life. 

Trend 5

Impact of the Autumn Budget

Renters’ Rights Bill

The proposed Renters’ Rights Bill seeks to enhance tenant protections, including the abolition of ‘no-fault’ evictions and the introduction of a Private Rented Sector Ombudsman. These measures are designed to provide tenants with greater security and recourse in disputes, while landlords will need to adapt to stricter regulations and compliance requirements.

Implications for Landlords and Renters

  • Landlords: The increased SDLT and abolition of the FHL regime may lead to higher acquisition costs and reduced tax benefits, potentially affecting investment decisions. Landlords should review their portfolios and consider the financial implications of these changes.
  • Renters: The Renters’ Rights Bill aims to provide enhanced protections, potentially leading to more secure and fair rental agreements. However, if landlords reduce their portfolios due to increased costs, this could impact rental supply and affordability.

Abolition of Furnished Holiday Lettings (FHL) Regime

Starting April 2025, the FHL regime will be abolished, removing the tax advantages previously available to landlords of short-term furnished holiday properties. This change aims to level the playing field between short-term holiday lets and longer-term residential rentals, potentially influencing landlords’ decisions regarding property use.

Trend 6

Smart Home Technology

The adoption of smart home technologies continues to grow. Features like automated lighting, security systems, and energy management tools are increasingly sought after, offering convenience and enhanced control over home environments.

Trend 7

Sustainability and Eco-Friendly Design

Homeowners are increasingly prioritising sustainable living. This includes the use of eco-friendly materials, energy-efficient appliances, and renewable energy sources like solar panels. The integration of biophilic design elements, which connect indoor spaces with nature, is also gaining traction.

It would be fair to consider that the shift toward sustainability and eco-friendly design in homes is closely related to the rising cost of living. As energy prices and general expenses increase, homeowners are increasingly motivated to reduce ongoing costs by investing in energy-efficient appliances, sustainable materials, and renewable energy sources like solar panels. These eco-friendly upgrades not only reduce utility bills but also contribute to long-term financial savings. 

Additionally, biophilic design elements, which improve natural lighting and ventilation, can lower energy costs by reducing the need for artificial lighting and heating. This trend aligns with a desire to create homes that are both financially and environmentally sustainable amidst rising living costs.

Tips for Selling Your House in 2025

  • Highlight Sustainable Features: If your home has eco-friendly elements, make sure they’re prominently featured in your listing.
  • Showcase Versatility: Demonstrate how spaces in your home can be used for remote work or adapted for multiple purposes.
  • Leverage Technology: Utilise virtual tours and online marketing strategies to reach a wider audience.
  • Stay Informed About Market Trends: Understanding what buyers in the North West are looking for can help you position your home effectively.

How Miller Metcalfe Can Help

At Miller Metcalfe, we’re not just observing these trends; we’re at the forefront of adapting to them. Our deep understanding of the North West property market and our commitment to innovation position us uniquely to guide you through the process of selling your home in this evolving landscape. For tailored advice and to learn more about how these trends can impact your property sale, contact us. Let us help you navigate the 2025 property market with confidence.

The property market is dynamic, and being aware of these emerging trends is key to making informed decisions. Whether you’re planning to sell your home or just keeping an eye on the market, understanding these developments is essential. For expert guidance and support, turn to the team at Miller Metcalfe, who are well-versed in the nuances of the North West property market.

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