The latest data from the UK housing market shows the number of sales agreed in May 2025 is the highest it’s been in four years, rising 6% compared to last year. With mortgage conditions improving and more homes hitting the market, confidence is returning — but the trends vary sharply depending on where you live.
Here’s what sellers should know.
After a subdued start to the spring, thanks to the Easter lull and the end of stamp duty reliefs, the market has found its momentum again.
Falling mortgage rates and improved affordability checks have made it easier for buyers to borrow. In fact, some can now borrow up to 20% more than before — giving them the ability to make stronger offers.
This renewed confidence has helped push agreed sales up 6% year-on-year, the highest for any May since the pandemic-fuelled boom of 2021.
Across the UK, there are now 13% more homes for sale than this time last year. In London, the increase is even more pronounced, with 17% more listings than in May 2024.
This is great news for buyers — but it also means sellers face more competition. If you’re listing your property in Finchley, pricing realistically and presenting your home well is more important than ever.
Buyers have more choice, and they’re shopping around.
House price inflation is steady but subdued in the southern regions. Across London and the South East, annual growth is less than 1%.
While parts of the North and Midlands are seeing price increases of 3% or more, rising affordability pressures in London continue to act as a ceiling on price rises.
In Finchley, where homes are typically priced above the national average, sellers need to align expectations with current market realities. A well-priced home is more likely to attract attention quickly than one that aims too high.
Price growth and sales activity are strongest in more affordable areas. Cities like Blackburn, Wigan, and Barnsley are seeing annual house price growth of 5% or more, thanks to lower prices and stronger demand.
In contrast, places like Brighton and Bournemouth are seeing small year-on-year price falls.
For Finchley homeowners, this highlights how localised the market is. Even though national headlines speak of growth, it’s the local conditions — including affordability, availability, and buyer demand — that truly shape your selling experience.
Looking ahead, experts predict 5% more sales across the UK this year, with around 2% house price inflation by year-end.
In London, the higher supply of homes means price growth may remain limited. However, increased mortgage capacity and competitive lending should help maintain healthy buyer interest.
For sellers in Finchley, this means the market is active but balanced. Overpricing could lead to delays, especially when buyers have a growing number of alternatives. Homes that are priced in line with local conditions — and that tick the boxes on space, layout, and energy efficiency — are likely to perform best.
Thinking of selling in Finchley this year? It’s a good time to plan — but do it with a clear view of local trends and buyer expectations. The market is moving, and with the right strategy, so can your sale.
At David Harris & Co, we understand what makes Finchley unique. Whether you’re buying, selling, or renting, our local expertise ensures we can guide you to the best decisions for your needs.
Ready to explore Finchley’s property market? Contact David Harris & Co for expert advice and a stress-free experience. Call us on 0208 346 9122 to get started. Let’s make Finchley your next home.
