Chestertons Sales and Lettings Report - Q3 2025

Good news for homeowners in London - after a period of falling values, prices seem to be stabilising, and are expected to remain settled for the rest of 2025. In practice what does that mean? In Prime Central London prices have slipped back to around 2014 levels, while in Greater London they have settled on around 2022 values. Reduced borrowing costs are likely to be a major contributor to that, and arguably we have also seen the tail end of market upheaval caused by Covid and a post-Covid correction.

Another indicator of a changing trajectory in the market - London is seeing a rise in buyer demand, which is up nearly 12% year-on-year, with sales agreed 8% higher than this time in 2024. There are a number of reasons for that, but the increased number of properties on the market is certainly one, while those who have elected to sit still and watch for a couple of years are likely noting that things are unlikely to run away for a while, and are making plans within that context. As the market is competitive, it's important for sellers to work with agents to establish the right price for their property, rather than an inflated figure. As buyers have much more transparency about property values, setting realistic price points is proving a key indicator in successful and timely sales.

While property values might sound a little gloomy in some respects, coupled with rising buyer demand, it creates a lot of opportunity, especially for those looking to purchase in the Prime market. Alongside lower interest rates, anyone who's been holding off buying and is in a position to move is now well placed to find well-priced properties in their chosen areas.

Read the full Chestertons Q3 2025 Sales and Lettings Report