
A Market in Transition
The property market across the South East of England is going through a period of recalibration. After years of growth, average property prices have begun to soften slightly, largely due to continued affordability challenges. According to recent data, annual price growth in the South East now trails behind the national average, with only marginal movements seen in asking prices.
That said, this is not a market in decline, it’s one finding its balance.
What’s Shaping the Market?
Several key factors are at play:
- Mortgage affordability: While interest rates have seen slight downward movement, typical two- and five-year fixed mortgage deals remain around 4–5%, which continues to impact buyer budgets.
- More stock on the market: There’s been a notable increase in the number of properties available for both sale and rent. This creates greater choice for buyers and more competitive dynamics, especially in premium markets like the South East.
- A regional divide: While parts of the North and Scotland are seeing renewed growth, the South East is taking a breather. Forecasts suggest this region may see more modest price growth around 19.5% between now and 2028 compared to faster-moving northern markets.
Local Outlook: Realism and Readiness
At Fisher and Partners, we’re seeing steady interest in well-located homes, particularly from buyers looking to act ahead of potential changes to stamp duty. Spring brought a welcome uptick in listings, and conveyancing times have improved. But realistic pricing remains key. Homes that align with buyer expectations on location, presentation, and value, are still generating strong interest.
What’s Next for the South East?
The coming months offer cautious optimism. The Bank of England has signalled further rate cuts may be on the horizon, and lenders are gradually improving terms. As a result, we expect transaction volumes to pick up, particularly in the commuter belt and family-friendly village markets, areas where demand remains resilient and lifestyle appeal is strong.
Thinking of Selling?
If you’re considering selling your home, this may be a timely opportunity. At Fisher and Partners, we offer a personal, one-to-one approach led by local experts who understand your market inside and out.
If you’re looking to sell your property, we’d be delighted to give you a free market appraisal. Contact your local managing partner and we’ll set up a time to chat. We’d be delighted to hear from you.