The UK property market continues to show resilience and adaptability amidst evolving economic conditions. As of May 2025, several key trends have emerged:
📈 National Overview: House Prices and Rental Trends
- The average UK house price reached £271,000 in March 2025, marking a 6.4% increase compared to the previous year.
- The average UK monthly private rent increased by 7.4% to £1,335 in the 12 months to April 2025. Office for National Statistics
🏘️ Cirencester Property Market Snapshot
Cirencester, often referred to as the “Capital of the Cotswolds,” has seen notable activity in its property market: Adkins Property
- Average Property Prices:
- The average price paid for a property in Cirencester over the past three months was £492,083, which is £147,993 higher than the national average.
- Property Type Breakdown:
- Detached houses: £659,167
- Semi-detached houses: £507,000
- Terraced houses: £322,205
- Market Dynamics:
- The number of properties available for sale in Cirencester increased by 12.87% in May 2024 compared to the previous year, providing buyers with more options. Adkins Property
- The average time to complete sales remains lengthy, averaging around 22 weeks from sale agreed to legal completion.
🔮 Outlook
Looking ahead, the property market is expected to maintain its momentum, with forecasts indicating continued growth in both house prices and rental rates. However, affordability remains a concern, especially for first-time buyers and renters.
