December Property Market Update: What It Means for Beckenham, Orpington, Bromley & Beyond

December Property Market Update: What It Means for Beckenham, Orpington, Bromley & Beyond"

As 2024 comes to a close, the property market naturally pauses, reflecting the seasonal trends we’ve come to expect. At Integra Estates, we’re keeping our finger firmly on the pulse to provide insights that help homeowners, buyers, and sellers make informed decisions across Beckenham, Orpington, Park Langley and surrounding areas.

December Property Market Trends

This December, new seller asking prices have eased by 1.7% (around £6,395) as sellers look to attract buyers who are enjoying the festive season. While this seasonal adjustment is typical, house prices remain resilient, showing a 1.4% increase compared to December 2023.

Looking ahead to 2025, Rightmove forecasts a 4% rise in asking prices fueled by expected reductions in mortgage rates. This will improve affordability for buyers and stimulate further market activity across South East London, including areas such as Sydenham, Forest Hill, and Lewisham.

A Positive Market Outlook for 2025

The property market continues to outperform expectations:

Sales agreed have risen by 22% compared to this time last year.

New buyer demand has increased by 13% showing a strong determination among buyers to secure their dream homes.

The New Year brings even greater opportunities, with record numbers of new properties expected to enter the market. This surge, paired with highly motivated buyers, makes January and February an ideal time for homeowners considering a sale.

March 2025 Stamp Duty Deadline: Act Now

The upcoming March 2025 stamp duty deadline is already influencing buyer and seller behaviour. Those facing higher tax charges are acting quickly to complete their moves. Additionally, demand for properties priced under £300,000 remains strong, particularly among first-time buyers – an exciting opportunity for sellers in areas like Catford, Penge and Anerley

Why Choose Integra Estates?

At Integra Estates, we understand the importance of local expertise, trust, and exceptional service when it comes to buying or selling your property. Whether you live in Blackheath, Chislehurst, Greenwich or Sidcup our honest, reliable, and tailored approach ensures your move is smooth and stress-free.

We’re here to help you navigate every step of your property journey:

- Free property valuations for homeowners in Beckenham, Bromley, and surrounding areas.

- A personalised, client-first service from valuation to completion.

- Expert advice on maximising your property’s potential and value.

Ready to Move in 2025? Start With Confidence.

The New Year is an exciting time to take that first step toward your property goals. If you're looking for an honest, local estate agent you can trust, contact Integra Estates.

📞 Call us on 0203 870 00 00

📧 Email: [email protected]

🌐 Visit: www.integra-estates.com to find out more