Dec 11th 2024

2024 Property Market Review

2024 Property Market Review

Discover insights from Zoe Napier on the 2024 property market challenges and the optimistic outlook for 2025. Learn how market trends may benefit buyers and sellers alike.

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Zoe Napier Author
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Market Review 2024

As 2024 draws to a close, it’s clear this has been a year of resilience and anticipation for the property market. While some forecasters predicted a steep decline in property values, the actual drop was a minimal -1.5%, a testament to the market’s strength amidst challenges.

Zoe Napier is a member of The Property Academy, which provides access to the best business minds in the UK!

Reflecting on 2024

This year has been marked by waiting:

  • Waiting for elections, budgets, and interest rate adjustments.
  • A shift in buyer and seller activity towards the end of the year.

Yet, despite these hurdles, there’s plenty to celebrate in the property market’s resilience.

Looking Ahead to 2025

The outlook for 2025 is bright, driven by:

  1. Increased Market Activity: Monthly transactions are expected to rise to 75,000.
  2. Cash Injections: Many are cashing in pensions to fund property purchases or upgrade main residences under inheritance tax-free allowances.
  3. Stable Interest Rates: Predicted to settle at 4.5%, offering buyers confidence in securing mortgages.

Why Act Now?

For buyers, fixing your mortgage rate now is wise as rates are likely to stabilise. For sellers, the Boxing Day rush marks the busiest day for property searches. At Zoe Napier Group, we’re ready with 24/7 phone support and live chat to ensure you don’t miss this prime opportunity. If you would like to speak to a member of staff, feel free to contact us: HERE

Your Trusted Property Partner

Whether you’re looking to buy, sell, or simply stay informed, our team at Zoe Napier Group is here to guide you every step of the way. We wish all our clients and customers a very Merry Christmas and a prosperous New Year!

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The wait for the perfect moment can often seem endless,

but patience is the quiet strength that turns uncertainty into opportunity.

About the Author

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Zoe Napier

I’m Zoe Napier, and I’ve dedicated over a decade to building The Zoe Napier Group into what it is today. My passion for unique properties and my commitment to our clients are at the heart of everything we do. I’m constantly exploring new ideas, often in the early hours, to ensure our brand remains at the forefront of the industry. With four niche divisions, we specialise in selling homes that are truly "Reassuringly Unique." I’m proud of what we’ve achieved and excited about the future as we continue to set new standards in bespoke property services.

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