Published: 21/05/2025 By Loney Miller
It’s been a season of changes so far, not only in our own corner of south west London but nationwide as well. Recently in the property market there have been numerous changes with the Stamp Duty deadline coming to an end, a record high in the average price increase of properties, as well as a decade-high number of properties on the market. All of which is pointing to more people making moves.The latest Rightmove House Price Index has been released and has shown that although the market has slowed slightly post-stamp-duty-deadline, there are still a lot of positives of this that mean it could be the right time for you to start acting on your property goals.
What could this mean for you personally?
We have broken down the latest report, as well as looking at our local area, and how this could affect your own property journey.
This spring we have seen an influx in the number of available properties , which is now sitting at a decade-high 14 per cent higher than this time last year. This means there is no better time to find your perfect next home.
In Wandsworth, the current average asking price is sitting at £882,919, and across London asking prices have risen just 0.4 per cent from last month (0.2 per cent less than the national average) showing that the increase in house prices is beginning to steady in the capital.
If you are a first-time buyer, the report suggests that affordability of a first home has been on a steady increase from last year ,and with the recent bank rate cut, now could be a great time to save more on your new property.
With asking prices still rising, and going up by 1.1 per cent in Wandsworth in particular, it could be the ideal time for sellers to put your property on the market to be assured you’re getting the best price for your home. However, with the large amount of properties on the market currently, it is important to price accurately from the start in order to attract serious buyers.
Most importantly for sellers at the moment, the average time to secure a buyer in London has decreased from last month to just 60 days, meaning if you want an efficient sale, now could be the time to do so.
At Loney Miller, we know how hard it can be to navigate the market trends and understand how this truly affects your own situation. We want to help make everyone’s experience as smooth as possible, so get in contact with our team today to see how we can help you on your south west London journey.