A Season of Strength and Stability says Chairman John Halman...
As we move into summer, the UK property market continues to show impressive resilience and momentum. After a record-breaking first quarter, business at Gascoigne Halman remains brisk, with our property sales pipeline up 22% year-on-year, a clear indicator of sustained confidence in the local market.
Unlike in the South of the country, where higher stamp duty is cooling activity, our local market remains rather sunny! Sales are strong across the board, buoyed by falling interest rates and a good supply of homes coming to market. While affordability remains a consideration for many, the breadth of choice is helping keep prices steady and movement flowing. It’s an ideal climate for buyers and sellers alike: stable pricing, plenty of options and favourable borrowing conditions.
Mortgage News
On the mortgage front, the news is equally positive. With competitive deals around 4% for well-positioned borrowers, our mortgage advisors have already helped clients secure over £66 million in lending this year. We’re proud to offer not just excellent rates, but a trusted, long-term partnership throughout every stage of the mortgage journey.
Lettings Update
The lettings market remains exceptionally active, especially for properties under £2,000 per month. Demand is high, although those with higher-end rentals may need to be more patient. With the Renters Reform Bill on the horizon and changes set to reshape tenancy structures, we recommend reading Lettings Director Rebecca Whitehead’s expert insights to stay ahead of the curve.
All in all, this is a summer of measured optimism at Gascoigne Halman. While global events continue to cast shadows - from geopolitical tensions to market volatility - the fundamentals of our housing market remain sound. People still want to move, lenders still want to lend and the sun is shining on the North West property market.
Our team across all 23 offices is in great spirits and looking forward to our upcoming summer celebration - a chance to pause briefly, reflect on a successful first half of 2025 and recognise the vibrant community we’re so proud to support.
Here’s to a positive and productive summer ahead.
Best regards,
John Halman
