Wellingtons Property Edit - March 2026
Welcome to the March Wellingtons Property Edit! It has been a steady rather than spectacular month for the property market, with uncertainty caused by events in the Middle East casting a shadow. But things are still happening – we've been instructed on three new properties, and there remains activity among motivated buyers.
In this newsletter, we’ll look at the latest picture locally and nationally, while also sharing expert insights, industry news and more on those new Wellingtons listings I mentioned.
Market Watch
The average asking price for homes marketed in March rose 0.8% to £371,042, a typical uplift for the time of year
The number of properties for sale for time of year is at its highest level in 11 years – this is limiting price growth and means sellers need to price well to stand out
Locally, we’ve observed a slew of price reductions in Camberley and immediate surrounding areas during the second half of March
Based on achieved sales prices, the national average UK house price stands at £269,900, up 1.3% year-on-year
Sales agreed are just 2% behind this time last year and 5% ahead of 2024, so transactions are continuing despite geopolitical uncertainty
Mortgages have been severely disrupted by the conflict in the Middle East – the average two-year fixed rate has risen to 5.56% and the five-year fix to 5.54% (up from 4.83% and 4.95% respectively at the start of March)
The Bank of England held the base rate at 3.75%, with markets having previously expected a cut before the conflict began (there remains the possibility of rate rises later in 2026)
Sources: Rightmove, Zoopla, Show House, Money Week, Morningstar
Wellingtons Spotlight
New listings for March
We launched not one, not two but three brilliant new homes to the market this month – a 2-bedroom apartment in Camberley, a 3-bedroom mid-terraced house in Blackwater and a detached family home in Camberley’s Wellington Park. Find details of them on our properties for sale page.
Why unique homes struggle to sell (and how to fix it)
Our new blog explores the difficulties of selling distinctive homes, and we share a case study of one we sold on Camberley’s Portesberry Road as a case study to bring to life our approach to marketing such properties.
Property News Snapshot
Chancellor gets banks to step up mortgage support (Gov.uk)
This story gives an update on what was agreed when the Chancellor gathered ‘the big six’ banks and building societies recently, to look at the impact of the conflict in Iran on households.
Land Registry say house price growth slowing even before war (Estate Agent Today)
This article looks at Land Registry data dating back to the start of 2025, which points to a gradual slowdown in UK property prices even before the onset of the Iran conflict.