Wellingtons Property Edit - April
The traditional Spring bounce arrived in April, with the market locally in Surrey Heath seeing a surge in buyer activity. Despite the continued economic uncertainty and Middle East conflict, people motivated to move this year are springing into action, with a wave of new listings, uptick in viewings booked and sales being agreed...
In this edition of our newsletter, we look at the headline news and stats from the UK property market nationally, while also sharing expert insights and views on what’s going on.
Market Watch
Asking prices rose slightly, with average asking price hitting £373,971 (+0.8% MoM)
Sales are holding up albeit are ~3% below the level at the same point last year
There’s a high volume of listings with total homes for sale ~5% higher than a year ago
Camberley market performing well – our two new listings in March are now under offer
Mortgage rates are rising (again) – average 2-year fixes have climbed to ~5.4%–5.8%
Homes are taking longer to sell in London and the south of England
Outlook downgraded: 2026 price growth expectations reduced towards ~1%, with mortgage rates and inflation the key risks
Sources: Rightmove, Zoopla, Financial Times, MoneyWeek
Wellingtons Spotlight
Featured listing: Westminster Mansions
Ideal for first-time buyers or young professionals wanting modern, open-plan apartment living... with a stunning view. Find out more about this great 2-bedroom apartment in Westminster Mansions, Camberley.
Property News Snapshot
Property asking prices rise in April despite higher UK mortgage rates (Financial Times)
Discover what the FT says about the resilience of the UK property market, following news of a 0.8% rise in asking prices reported this month.
Renovations hit decade low despite rise in home sales (Estate Agent Today)
This feature investigates falling planning applications for home improvements in 2025, despite higher sales – hinting at more buyers wanting ‘move in ready’ homes rather than projects.
Is now the right time to buy or sell? (Wellingtons)
The Spring bounce has arrived, but many homeowners are still cautious and asking, “is now the right time to buy or sell?” That’s why it’s a question we’ve tried to answer in this blog.