#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
๐ New seller asking prices drop by a seasonal 1.7% (-ยฃ6,395) this month to ยฃ360,197, in line with the usual December monthly fall, with sellersโ pricing power diminishing as Christmas approaches
๐ Prices end the year 1.4% above December 2023, and Rightmove predicts that new seller asking prices will rise by 4% next year, with forecast mortgage rate drops set to further improve affordability and stimulate market activity
๐ Despite the festive lull, activity remains substantially stronger than the same period a year ago, with the number of sales being agreed up by 22%, and new buyer demand up by 13%
๐ Some movers are now waiting for the traditional Boxing Day bounce on Rightmove
๐ Boxing Day 2023 saw a record number of new sellers launching to the market for that time of year, providing fresh property choice for buyers, while buyer demand jumped by 273% between the Christmas Day lull and Boxing Day
๐ Rightmoveโs real-time data also captures the impact of the looming stamp-duty deadline on March 31st 2025
๐ Sellers of smaller properties in higher-priced areas are trying to beat the deadline to avoid higher tax
๐ Prices are holding up best in the first-time-buyer sector, especially homes priced below the ยฃ300,000 threshold
๐ Despite the signs of a stronger 2025, headwinds remain, with the impact of Budget measures being a challenge
For the full HP Report from Rightmove, click
here for a PDF download ๐ฉ
Wouldn't it be good to know the value of your home in today's market? Contact Lisa (lisa.dahl@cavendishproperty.co.uk) for an up-to-date valuation (or complete the form opposite โก๏ธ).
๐ธ Lisa Dahl-Parsisson, Head Valuer and Asset Manager at Cavendish Residential (pictured with Ali Baylav, Managing Director) ๐ธ
โ๐ง๐จ
๐ Instant online valuation (immediate response, 60-70% accurate)... Click
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