A guide to buying and selling English residential property

We are seeing increased positivity in the English residential property market. In 2024, inflation reached the Bank of England’s 2% target, down from 11.1% in 2022, which was a significant factor in the return of consumer confidence and economic growth. Mortgage rates are falling slightly with approval rates at their highest level since 2022 as buyers continue to respond to increased certainty post-election. Property values are again on the rise while demand continues to outstrip supply.

The new government’s proposals to reform planning, boost housing delivery and make the mortgage guarantee scheme permanent are also providing encouragement to investors and developers.

Indications are that the major UK banks have started turning their attention to the anticipated growth in demand for green properties in particular, including properties equipped with solar panels, sustainable materials, and efficient water systems. These features reduce carbon footprint but also reduce operating costs, making green properties particularly appealing to investors, owners and renters.