More choice for London house hunters in 2025

Latest data from London estate agency Chestertons suggests that house hunters currently have more choice as the agency reveals having 14% more properties on the market compared to January 2024.

Matt Thompson, head of sales at Chestertons, says: “With more properties now on the market, there are some great opportunities for buyers to find the property that they have been looking for, especially now that mortgage rates have started to creep down too. This time last year,  there was a much higher degree of political and economic uncertainty but one year on, many homeowners and buyers are feeling more confident in the market and we saw 36% more properties changing hands in January compared to last year.”

Despite the improved choice, Thompson warns that London has one of the world’s most competitive property markets in which demand tends to outweigh supply. “We expect to see more buyers entering the market over the coming months, especially after the Bank of England’s recent decision to cut interest rates to 4.5% and the re-emergence of sub-4% mortgages, which would quickly alter the supply and demand balance”, Thompson concludes.