As an authority on the Maidenhead property market, we at Braxton are quite often asked what the next 12 months might have in store for house prices.
To answer this question, it helps to look at the 2024 market picture, which on the whole, saw positive house price growth, and gradually improving market confidence and stability.
On reflection, it was largely a ‘buyer’s market’, and this trend will likely continue, especially if economic and political environments – in particular the mortgage market - move in the way that is being predicted.
This would offer a welcome boost to the lower end of the market, especially, on account of the stamp duty changes coming into play in the spring.
What we expect to see as well, are top-of-the-ladder homes moving more quickly, as the 2025 climate will likely lend well to upsizing.
Maidenhead will be at the forefront of this, given its stock of high-quality, family homes, and recently improved transport links and infrastructure.
From my point of view, it will be interesting to see how market confidence fares overall, especially in relation to the year’s predicted budget tax rises.
There is a risk, maybe, that investment properties might take a back seat, as the council tax hike on second homes comes into effect.
On the whole, however, there is no doubt that the market is becoming more stable, and the economic environment is improving, with average property prices up by 1.9 per cent in the 12 months to November.
(In the South East, this figure is around 0.7%.)
It’s a testament to the resilience of the market, and hopefully some food for thought for anybody thinking of selling or buying this year.
In either case, the team at Braxton are here to help, so please do not hesitate to contact us, for all your property needs in 2025.