Is now the right time to buy or sell?

The Spring bounce that the UK property market traditionally enjoys was checked last month by the economic uncertainty brought on by events in the Middle East. But April has seen it gather pace. So, “is now the right time to buy or sell?”

This is the question many buyers and homeowners are asking. Indeed, it’s one I’ve been posed directly half a dozen times in the last month! I’ve offered a balanced take on it and listed seven reasons/considerations in this blog.

My personal view

Even with April punctuated by the Easter bank holidays and school break, there’s been a notable upturn in housing market activity in Camberley and nearby. This has translated to more enquires and more viewings this month already – and I’m also seeing sales agreed on a large number of homes locally.

While news headlines can make the market feel unpredictable, the reality I’m seeing across Camberley and Surrey Heath tells a different and more reassuring story. In fact, current conditions could present one of the most balanced opportunities for some time – for both buyers and sellers.

Here’s why:

1) House prices are stabilising, not falling away

Recent data from each of the main indices such as Rightmove, Nationwide and Zoopla shows that UK house prices remain steady, with modest annual growth of around 1–2%. Locally, this reflects a market that has adjusted after sharp increases seen in recent years. For buyers, this means less risk of overpaying in a “hot” market. For sellers, it means value remains strong – particularly for well-presented homes priced correctly.

2) More homes on the market = more choice

The volume of available homes has improved, which is of course great news for buyers compared to in the highly competitive post-pandemic period. Across Surrey Heath, we’re seeing a broader range of properties coming to market, from family homes to first-time buyer opportunities. This gives buyers at all levels more breathing space to make considered decisions – and creates a more sustainable marketplace overall.

3) Mortgage rates are higher than before – but are levelling off

With mortgage rates the historic lows seen in 2020–2021 are ancient history – so the cost of borrowing now is higher, with many deals currently sitting in the 5–6% range. However, the pace of change has slowed, and lenders are increasingly offering competitive products again. Many buyers are adjusting expectations and finding that, with the right advice, they can still readily borrow what they need.

4) Affordability is gradually improving

It’s encouraging that wage growth is now starting to outpace house price growth in many areas. This, combined with lenders easing affordability criteria and offering more flexible products, should help more people take steps onto (or up) the property ladder. In areas like Camberley, where demand remains strong, this is particularly relevant.

5) A more balanced market = win-win

Today’s market is more measured than we’ve perhaps been used to in recent years. Buyers have time to ask questions and negotiate where appropriate. Sellers, meanwhile, are still able to achieve strong prices, especially when working with the right estate agent, to advise them on how best to present their home to the market, and the optimal pricing strategy.

6) There are serious buyers out there

While the economic backdrop may give some buyers pause, most of those currently active in the market tend to be highly motivated. This often leads to more committed transactions and fewer fall-throughs; good news for sellers looking for proceedable buyers.

7) Uncertainty often creates opportunity

It’s natural to hesitate when there’s uncertainty around us. But my two pennies’ worth is that property markets have historically rewarded those who take a long-term view. Trying to “time the market” perfectly is rarely possible. Moreover, waiting can sometimes mean facing higher prices or increased competition later.

So, what does this mean for you?

If you’re considering buying or selling in Camberley, elsewhere in Surrey Heath or other surrounding areas, the current market offers a rare balance: stable prices, improved choice, and less pressure than in previous years.

They say fortune favours the bold, so it could be the moment to act if a move was already on your mind.

And, if it is, I’d be happy to talk through your plans and give you an honest view of the local market and your options. Please just get in touch if that’s of interest.

Sources referenced: Rightmove, Zoopla, Nationwide, MoneyWeek, The Guardian