Thinking of taking your first step onto the property ladder? 2025 could be the perfect year to make it happen. With a balanced and stable market presenting a wealth of opportunities, having expert guidance can make all the difference. Here’s why next year is shaping up to be ideal for first-time buyers – and how David James can help you every step of the way.
The market is in a good place
One of the main reasons 2025 could be your year is that supply and demand are finally starting to even out. According to Zoopla, back in August 2024, the number of homes up for sale reached its highest point in seven years. This means more choice for buyers and plenty of market activity to keep things moving.
Mortgage rates are improving
Mortgage rates have been hovering around 4.5% for a 5-year fixed rate deal, and there’s hope that they could dip even further or at least stay stable in 2025. When rates are lower, homes become more affordable which is great news for first-time buyers. At David James, we have a team of in-house mortgage advisers who can guide you through your options and offer a free appointment to help you get started.
House prices are climbing, but steadily
Unlike the rapid price hikes we’ve seen in previous years, 2024 has been a lot calmer with house prices rising at a more manageable pace. This steady growth is likely to continue into 2025, giving you time to find the right property without worrying about prices shooting up too quickly.
Confidence is high
A strong economy means a strong housing market, and things are looking positive for the UK heading into 2025. With wages on the rise, people are feeling more confident about making big financial decisions like buying a home. This optimism is expected to keep the housing market active and healthy.
Changes on the horizon
New government plans aim to make home-buying easier for first-time buyers. This includes proposals for a permanent mortgage guarantee scheme and prioritising first-time buyers over international investors. Additionally, there are initiatives like the ‘Warm Homes Plan,’ which will offer grants and low-interest loans for energy-efficient upgrades, such as solar panels and better insulation, helping to reduce household bills in the long run.
We’re here to help
At David James Estate Agents, we understand that buying your first home can feel overwhelming. With our expert advice on pricing, mortgage options, and local market trends, we’re here to help you make the most of what 2025 has to offer.
As mortgage rates settle and the economy improves, we’ll guide you through the mortgage pre-approval process and connect you with our in-house mortgage advisers for a free initial appointment. Together, we’ll help you find properties that fit your budget and preferences.
Get in touch with us today, and let’s make your first step onto the property ladder a reality!
