Sales of properties continue to increase according to Strutt & Parker
Strutt & Parker, a leading property consultancy firm, has released its outlook for the property market in 2025, emphasising a cautious yet optimistic approach to navigating the political, environmental, and economic factors that will shape the property landscape over the coming year.
In the final quarter of 2024, the UK property market saw a significant rebound, with house prices growing by 4.6% and housing transactions topping 100,000 per month, returning to pre-Covid averages. This trend was particularly noticeable in the high-end market, with an increase in potential vendors bringing properties worth over £1m to the market in January 2025.
The rental market also experienced growth, with an 8% increase in new lets year-on-year, comprising 91% of the market. The £1,000 to £2,000 price bracket in the rental market grew by 13%, and the rental market for flats saw an 8% increase. However, the Prime Central London (PCL) rental market experienced a slight decline of -0.5% in the second half of 2024, but is expected to remain positive with increasing values.
Looking ahead to 2025, Strutt & Parker predicts 2% to 5% growth in house prices. The firm's analysts are closely watching the Spring Statement from The Chancellor on March 26 for potential market impacts. Mr. Henderson, a representative from Strutt & Parker, expects the market confidence to continue into the rest of 2025, creating a "snowball effect".
Strutt & Parker's outlook for the property market in 2025 underscores a careful navigation of political, environmental, and economic factors, particularly in rural estates and land management. The firm's research updates highlight ongoing government policy consultations and changes impacting rural land use, farm subsidies, and environmental schemes, which are critical factors influencing the rural property market.
Strutt & Parker's national land management team emphasises strategic business advice tailored to individual client needs, supporting landowners in maximising their rural assets to meet both business and personal goals. This includes areas such as renewable energy, tax planning, compulsory purchase orders, and comprehensive estate management.
Moreover, recent leadership appointments at Strutt & Parker reflect a focus on growth through technology, innovation, and enhanced client service, aiming to strengthen their market share amid a rapidly evolving property landscape.
Activity is expected to be strong this spring, particularly among first-time buyers looking to complete before April's Stamp Duty increase. The PCL rental market grew by 0.4% in 2024 in a year of two halves, and Strutt & Parker's London agency continues to attract steady business.
For more information and research, visit www.struttandparker.com. Strutt & Parker's research department indicates a proactive approach to managing the challenges and opportunities facing landowners and rural property holders in 2025. While direct market trend predictions for all property sectors are not detailed in the available information, the emphasis is on tailored advisory services and adapting to evolving market and policy conditions.
In 2025, Strutt & Parker predicts growth of 2% to 5% in house prices, recommending a careful approach to navigating the housing market, considering political, environmental, and economic factors. Additionally, the firm's analysts are keeping a close eye on the Spring Statement from The Chancellor on March 26, expecting the market confidence to continue into the rest of the year, particularly in the investment of real-estate and high-end housing-market.
