Property Market Update: Interest Rates and What’s Ahead in March 2025
As we close out February 2025, the team at Innovate Estate Agents is here with a quick take on how interest rates are influencing the property market.
This month, interest rates have continued to dominate conversations. With the Bank of England maintaining a steady approach to support economic growth, borrowing costs have stabilised after last year’s ups and downs. This has sparked renewed confidence among buyers—especially first-timers and families looking to move up the ladder. Mortgage rates, lower than the peaks of 2023, are driving a modest increase in activity, from inquiries to viewings.
The market itself is holding strong, with property prices steady and demand gradually rising, particularly for three- and four-bedroom homes. Investors are also finding opportunities, as rental demand remains robust—a positive sign for those eyeing the buy-to-let sector. However, affordability challenges persist for some, and we’re watching closely to see how potential rate shifts later this year might play out.
At Innovate Estate Agents, we’re here to guide you through these changes with expert advice tailored to your needs. Thinking of selling or curious about your property’s value in today’s market? Drop by for a free valuation or call us at 0121 544 4554.
More updates to come as we head into March—stay tuned!
