Welcome to the fifth UK Property Market Stats Present of 2025, which options the superior Kristian Stott, as we delve into the important thing property market headlines for the ending 9 February 2025.
UK Property Market In-Depth Evaluation for this week (Week 5):
Listings (New Properties on the Market)
36.5k new listings this week (final week 35.9k)
That’s 11% greater than Week 5 of 2024 YTD and 11% greater YTD in comparison with 2017/18/19.
Worth Reductions (% of Resi Inventory)
21.5k Worth Reductions this week – that means an roughly run price of 1 in 8 of resi gross sales inventory per thirty days is being decreased (12%).
For comparability, 11.9% common in 2024, although the long-term 5-year common is 10.6%.
+ Whole Gross Gross sales (Agreed Gross sales)
27k UK houses offered STC this week, down from 27.5k final week in Week 4
That’s 24% greater YTD in comparison with 2024 and 33% greater than 2017/18/19 YTD ranges.
Sale-By way of Fee (Month-to-month in Arrears)
January’s Run price of 15% of Resi inventory offered stc. For comparability, 13.9% of residential gross sales inventory offered in January 2025. 2024 month-to-month common: 15.3%. Lengthy-term 8-year common: 17.9%.
Sale Fall-Throughs
6,406 Sale fall-thrus final week from Resi Sale Gross sales Pipeline of 440,431 houses sale agreed (offered stc).
One other technique is that week’s sale fall thrus as a % of product sales that week. This week, that’s 23.7% (final week 22.5%). Nonetheless barely beneath the 7-year common of 24.2%, however nicely beneath the 40%+ ranges post-Truss Funds (Autumn 2022).
For January ’25 as a complete, 6.03% of gross sales within the UK brokers pipelines fell via in Jan 25. For comparability, 2024 common: 5.36%.
Web Gross sales (Product sales for the week much less Sale Fall Throughs for the week)
20.6k web gross sales this week, in comparison with a typical week 4 common of 19.4k. Final week
Week 4 2025 – 21.3k. 18.4k is the weekly YTD 2025 common.
2025 YTD is 23% greater than in comparison with 2024 YTD and 26% greater than YTD 2017/18/19.
UK Home Costs (£/sq.ft)
As all the time, the £/sq.ft metric predicts Land Registry figures 5 months upfront with 92% accuracy (the orange line of the graph).
January’s remaining determine: £342/sq.ft.
December ’24 : £339/sq.ft
August ’24: £334/sq.ft
January ’24: £330/sq.ft
This implies UK home costs have risen 3.64% within the final 12 months.
Native Focus – Eastbourne
#occurring #property #market
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