Confidence Creeping Back? What the Latest Sales Market Data Is Telling Us
23rd April 2025
After a period of economic uncertainty and slower transaction volumes, early 2025 is starting to show renewed energy across the UK property market. Recent data from sources including the ONS and Rightmove suggests that both buyers and sellers are becoming more active, supported by improving stock levels, steady rental growth, and signs of greater economic stability.
Brighton and Hove overview
-Over the last 12 months the average sales price in Brighton and Hove was £428,762. The total value of sales was £1,381,744,598.
-45% of sales in the past 12 months were flats, achieving an average sales price of £312,087. Houses achieved an average price of £558,048.
-The highest value recorded by the Land Registry over the past 12 months was £1,800,000 for a flat and £2,900,000 for a house
Economy
-The Bank of England have held interest rates at 4.5% in its second meeting of the year, amid persistent inflation.
-Monthly GDP is estimated to have grown by 0.5% in February 2025, with growths in all main sectors, following no growth in January (ONS).
-CPI inflation rose by 2.6% in the 12 months to March 2025, down from 2.8% in February (ONS).
House prices
-The average house price rose to £268,319 in February, a 5.4% year-on-year increase (ONS).
-The average price of property coming to market rose by 1.4% this month to a new record of £377,182, a larger-than-usual April price increase (Rightmove).
-UK house prices are projected to rise by 2.5% in 2025 (Zoopla).
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