UK Property Market Stats Show Week 1 2025

This is the first ‘UK Property Market Stats Show’ of 2025, the ‘Stat Show’ is a weekly one-hour documentary report on KZbin.
It is for the week ending Sunday, 12th January 2025, I am joined by this week’s special guest, Ben Madden, an Estate Agent from West London to discuss the property market headlines for Week 1 of 2025.
It must be stressed this is the first week of the year, and because the first full week started later than other years (on the 6th January 2025), some of the figures, when compared to previous years, are considerably higher than other years. This will settle down as the rest of January opens out.
The main headlines this week though:
· Listings (New properties coming on to the market) - 27.4k UK listings this week (week 1). 34% higher YTD than 2024 YTD. 35.6% higher YTD than 17/18/19 YTD
· % of Resi Sales Stock being reduced (Monthly): 7.8% of Resi sales stock was reduced in December (this stat is monthly in arrears). 11.1% in November. 11.9% & 2024 average and long term 5 year average 10.6%. NB We always get a dip of this stat in December
· Total Gross Sales - 19.2k UK homes sold stc this week (Week 1). 74% higher than the same standalone week (week 1) in 2024. Also, 11.2% higher than 2017/18/19 YTD levels.
· Sale Thru rate (Monthly): UK Estate Agents sold 10.61% of their Resi sales stock in Dec ’24 (Dec ’23 - 8.79%). 2024 average is 15.3% & the 7 year long term average is 17.9% per month.
· Sale fall-throughs - Agents lost 3.8% of their sales pipeline for the month of December (2024 average 5.36%). For the week 1, Sale Fall Thrus (as a % of Gross sales Agreed) increased to 33.0% (up from 25.7% from the last two months of 2024). This is normal with a glut of sale fall thrus coming out the Christmas & New Year break. The 7 year Long Term weekly Average is 24.2% and it was 40%+ in the two months following the Truss Budget in the Autumn of 2022.
· Net Sales - 12.9k this week (average for week normally 7.7k). 88.9% higher than the same week 1 in 2024, 99.4% higher YTD in 2024 compared to YTD 17/18/19.
· Resi Sales Stock on the Market (Monthly Stat) : 605k at end of December (down from 677k at end of Nov). For comparison, Dec ’23 - 560k, Dec ’22 - 481k, Dec ’21 - 342k, Dec ’20 - 543k, Dec ’19 - 545k.
· Resi Sales Sold STC Pipeline (Units) (Monthly Stat): 441k at end of December. For comparison, Dec ’23 - 359k, Dec ’22 - 373k, Dec ’21 - 468k, Dec ’20 - 548k, Dec ’19 - 310k.
· UK House Prices - As explained in the show, the £/sqft figure foretells and predicts the Land Registry 5 months in advance with an accuracy rating of 92%. Final December figures saw a slight drift in this important metric to £339/sq.ft. For comparison - Nov’s £342/sq.ft, August’s £334/sq.ft, and Dec ’23 at £322/sq.ft. This means house prices have grown 5.28% in the last 12 months.
· Average Rents in the UK
East Anglia: 2024 Average £1,387, Growth since 2016: 29.9%
East Midlands: 2024 Average £1,065, Growth since 2016: 45.5%
Inner London: 2024 Average £3,141, Growth since 2016: 26.0%
North East: 2024 Average £985, Growth since 2016: 29.9%
North West: 2024 Average £1,141, Growth since 2016: 42.1%
Northern Ireland: 2024 Average £927, Growth since 2016: 36.1%
Outer London: 2024 Average £1,943, Growth since 2016: 22.0%
Scotland: 2024 Average £1,116, Growth since 2016: 46.8%
South East: 2024 Average £1,796, Growth since 2016: 40.0%
South West: 2024 Average £1,629, Growth since 2016: 78.4%
Wales: 2024 Average £1,137, Growth since 2016: 50.4%
West Midlands: 2024 Average £1,125, Growth since 2016: 39.2%
Yorkshire & Humberside: 2024 Average £1,058, Growth since 2016: 39.8%
Local Focus this week - Bath
Graphs for personal use - we.tl/t-iBOpi3...

[@stephaniewalker4436]

I'm watching 😀

[@PineappleGroup]

One of the most valuable niche specific weeklies in my arsenal is this show. Couldn't recommend it enough for property people in the UK!

[@christopherwatkin]

Thank you PG

[@tourrhythmgolf-3to1]

expect drop off in transactions very soon as only 10 weeks til stamp duty hike so simply not enough time for most to get deal over the line

[@christopherwatkin]

let us see

[@christinemurray1444]

Any chance you guys will cover West Sussex sometime soon?

[@christopherwatkin]

We did Haywards Heath a few months ago. Any particular town in West Sussex?

[@christinemurray1444]

@christopherwatkin maybe Horsham or Burgess Hill?

[@zzhughesd]

HELP !!!! Interested in getting into the estate agency world. I’m 2 decades in car sales feeling exhausted and want change sector. I found you searching for propertymark qualifications. I’m such a noob in real estate. Got to start somewhere . I’ve got to 47 , oh 48, and have a freehold property I own come available with a sitting 30 year plus estate agency business leasee I’m guessing maybe leaving. Thus could either buy goodwill or start afresh. I’ve about 12-24 plus months to move sectors. I wish to educate myself in the period while run down my car sales company. Could you give me a rough idea how I should tackle my industry change. I’m solid in business, good at P&L and expenses vs keeping business coming in but very very naive to estate agency work bar 3 times used conveyancers last 3 years. Many thanks.

[@christopherwatkin]

Feel free to text me on O795O14757two and lets book in a free call one early morning (730am to 8am) to chew the fat

[@peromalmstrom7668]

Take everything in this show with a ‘pinch of salt’! 🤣🤣🤣Yep, this show joins ONS, Halifax & other data headline grabbing organisations that twists data to benefit the market and never benefits ‘TRUTH’ and the client (The seller & buyer). The issue, with these organisations mentioned, is that their own data, shows the opposite to what they positively report, as they compare oranges to apples, to deliberately mislead. Then add the deliberate manipulation of the data at source, as that is extremely apparent with what is happening also, you have this perfect storm of data toiletry.

[@christopherwatkin]

I dont use Halifax ONS data - I use twentyEA data, which have no motive to do so