Welcome to this month’s UK property market update. As 2025 gathers pace, here’s a quick look at what’s been happening for buyers, sellers, landlords, and renters. We’ve included some helpful insights and tips to keep you ahead of the game.
Market Overview
The UK property market is holding steady in February 2025. Recent stats show average house prices have risen by around 3% over the past year. Regional differences are creating interesting opportunities – while prime locations continue to thrive, emerging towns and rural areas are catching the attention of buyers seeking a better work-life balance.
Read more about these trends here
Buying: What You Need to Know
If you’re on the hunt for a new home – especially if you’re looking for a property for sale in Bolton & Bury – it could be a good time to lock in a deal. Mortgage rates are relatively stable with the Bank of England Base Rate at 4.5%, and there’s a range of options available, whether you’re a first-time buyer or moving up the ladder. You can arrange a mortgage appointment with us here.
Tip for Buyers:
Found a property you like? Check out local amenities and transport links before making an offer. Areas with upcoming infrastructure projects could offer hidden future value. Also, consider the potential for renovations that can add long-term value to your home.
Selling: Making the Most of Your Property
If you’re thinking about selling, there’s plenty of good news in this property market update! The market is still competitive, and homes in sought-after areas are attracting lots of interest. If you’re selling your home in Bolton & Bury, getting the price right is crucial. Properties priced just below the market median tend to sell quicker, as buyers are often drawn to perceived bargains.
Tip for Sellers:
Home staging and a few quick fixes can work wonders. A fresh coat of paint and some modern fixtures can make your property stand out. Well-presented homes are more likely to sell at a higher price.
Lettings and Landlords: Meeting Demand
The rental market is going strong, with steady demand for quality property to rent in Bolton & Bury. Keeping your property in great condition helps reduce vacancies and attract reliable tenants.
Recent surveys show that tenant satisfaction directly impacts rental yields. According to The Royal Institution of Chartered Surveyors (RICS), properties with high tenant satisfaction scores achieved around 5% higher yields than those with lower scores. Well-maintained homes with modern facilities continue to perform best.
Tip for Landlords:
Review your rental agreements regularly and consider incentives for longer leases. Simple upgrades like energy-efficient appliances not only attract eco-conscious tenants but can also help reduce your running costs.
Renting: Finding Your Ideal Home
For renters, there’s a wide selection of properties to let in Bolton & Bury. The market is competitive, but regeneration areas often offer great value, with modern homes and improved transport links.
Tip for Renters:
Stay ahead by registering with us to get early access to new listings. When you find the right property, act quickly to avoid missing out.
Keeping One Eye on the Future
It’s always wise to stay informed about possible policy changes that could affect the property market. With the government focusing on increasing housing supply and improving infrastructure, buyers and sellers should be ready for shifts in the market. Flexibility and staying in the loop are your best tools for success.
What Next?
Cardwells Estate Agents ensure you know what’s happening in the market each month. Look out for our next property market update in March.
Selling property in this area since 1982, Cardwells are the market leading estate agents in Bolton and Bury. We are here to work for you and to help you achieve the best possible price for your home.
Cardwells Estate Agents Bolton and Cardwells Estate Agents Bury are available if you would like more advice on selling your home, or an up to date property valuation. We can provide an accurate valuation of your property for free. Simply complete the form here and we will be in touch promptly, or call our experienced team on 01204 381281 or 0161 761 1215 and request a valuation today.
Cardwells can also introduce you to independent financial advisors to help you find the best mortgage product for your move or remortgage. Just fill in the form here and we will pass your details on.
Cardwells Estate Agents Bolton
01204 381281
[email protected]
Cardwells Estate Agents Bury
01617611215
[email protected]
