UK PROPERTY MARKET WEEKLY UPDATE

Welcome to the fourth UK Property Market Stats Show of 2025, your go to weekly TV show on the UK Property Market on YouTube

This week, I’m joined by the awesome Bryan Mansell, CEO of Gazeal & revered former Countrywide Regional Director in London & the SE, as we delve into the key property market headlines for 4th week of 2025 ending on the 2nd February 2025.

The YouTube Show - https://lnkd.in/ea87T-xe

✴️ UK Property Market Highlights this week
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✅ Listings (New Properties on the Market)

35.9k new listings this week (last week 34.9k)
That’s 13% higher than Week 4 of 2024 YTD and 12% higher YTD compared to 2017/18/19.

✅ Price Reductions (% of Resi Stock)

21k Price Reductions this week - meaning an approx run rate of 1 in 8 of Resi Sales stock per month is being reduced (12.1%).

For comparison, 11.9% average in 2024, though the long-term 5-year average is 10.6%.

✅ Total Gross Sales (Agreed Sales)

27.5k UK homes sold STC this week, up from 25.7k last week in Week 3
That’s 29% higher YTD compared to 2024 and 37% higher than 2017/18/19 YTD levels.

✅ Sale-Through Rate (Monthly in Arrears)

January’s Run rate of 15% of Resi stock sold stc. For comparison, 13.9% of residential sales stock sold in January 2025. 2024 monthly average: 15.3%. Long-term 8-year average: 17.9%.

✅ Sale Fall-Throughs

6,186 Sale fall-thrus last week from Resi Sale Sales Pipeline of 440,431 homes sale agreed (sold stc).

Another method is that week’s sale fall thrus as a % of gross sales that week. This week, that is 22.5% (last week 23.3%). Slightly below the 7-year average of 24.2%, but well below the 40%+ levels post-Truss Budget

For January ’25 as a whole, 6.03% of sales in the UK agents pipelines fell thru in Jan 25. For comparison, 2024 average: 5.36%.

✅ Net Sales (Gross sales for the week less Sale Fall Thrus for the week)

21.3k net sales this week, compared to a typical week 3 average of 19.41k. Last week . Week 3 2025) - 19.7k.

2025 YTD is 29% higher than compared to 2024 YTD and 32% higher than YTD 2017/18/19.

✅ Residential Sales Stock on the Market

660k properties on the market at the end of January 2025 (up, as expected, from 605k in December).

Historical comparison for end of January :

2024: 612k
2023: 525k
2022: 373k
2021: 538k
2020: 591k
2019: 614k
2018: 540k
2017: 525k

✅ Residential Sales Sold STC Pipeline

440k sales agreed but not yet completed at the end of January 2025.

Historical comparison for January :

2024: 354k
2023: 347k
2022: 447k
2021: 459k
2020: 308k
2019: 290k
2018: 282k
2017: 270k

✅ UK House Prices (£/sq.ft)

As always, the £/sq.ft metric predicts Land Registry figures 5 months in advance with 92% accuracy (the orange line of the graph).

January’s final figure: £342/sq.ft.

December ’24 : £339/sq.ft
August ’24: £334/sq.ft
January ’24: £330/sq.ft

This means UK house prices have risen 3.64% in the last 12 months.

Local Focus this week - Penzance