April kicked off with some big talking points in the UK property market. While the dust is still settling after a turbulent few years, there are signs of balance returning - though not without some fresh challenges along the way.
Whether you're buying or selling, here’s what’s been happening this month and what it could mean for you in Purley, Croydon & Greater London. At Shinerocks, we’re here to keep you informed with practical updates and local insight that matters.
House prices across the UK have continued a slow but steady upward trend. According to the latest UK House Price Index from the Office for National Statistics, the average UK house price in February 2025 (the most recent confirmed data) is £281,000, showing a 1.8% increase year-on-year.
ONS House Price Index
Rightmove House Price Report – April 2025
Rightmove reports that the average asking price for homes entering the market in early April reached a record high of £377,182, driven by seasonal demand and improved confidence among sellers.
If you're thinking of selling your home or exploring property for sale in Purley, Croydon & Greater London, this season offers one of the strongest windows of opportunity in recent years.
Mortgage rates have settled somewhat following volatility in late 2024. As of early April:
The average two-year fixed rate is 4.84%
The average five-year fixed rate is 4.72%
These figures are down from the highs of over 6% seen last year and are giving more borrowers room to manoeuvre. Some high street lenders are even offering sub-4% deals for those with larger deposits.
Lenders are still cautious, so if you’re buying property in Purley, Croydon & Greater London, it’s wise to secure a mortgage agreement in principle early to strengthen your position.
Spring traditionally brings a rise in new listings, and 2025 is no exception. Rightmove reports buyer demand is up 5% compared to April 2024, with more homeowners taking advantage of the seasonal surge in interest.
If you're considering selling your home in Purley, Croydon & Greater London, pricing it correctly and ensuring it's market-ready will be vital. Call us to book a valuation on 020 8660 2010.
First impressions count – Fresh paint, tidy gardens, and welcoming entrances all help.
Accurate valuations – Our team at Shinerocks can help set the right asking price based on current market trends in Purley, Croydon & Greater London.
Show it off – Use high-quality images and floorplans to capture attention online.
Speak to us - your local estate agent in Purley, Croydon & Greater London - to discuss the best way to market your property this spring.
Buyers are feeling cautiously optimistic. With wages on the rise and inflation softening, affordability is gradually improving. According to Nationwide, earnings are now outpacing house prices in many areas.
If you’re looking to buy property in Purley, Croydon & Greater London, here’s how to get ahead:
Sort your finances early – A mortgage in principle puts you in a stronger negotiating position.
Be ready to move – In-demand homes are still selling fast, especially when priced correctly.
Think about long-term value – Energy efficiency, location, and futureproofing are all worth factoring in.
We’ve got a range of properties for sale in Purley, Croydon & Greater London. View our current listings or speak with one of our team today on 020 8660 2010.
The rest of spring is expected to bring strong levels of market activity. With the average asking price hitting a new high and demand growing week by week, we could see continued house price growth over the next few months. Nationwide is forecasting a 2–4% increase in 2025 if inflation remains controlled.
Staying informed, prepared, and adaptable will be the key to success.
Whether you’re buying or selling in Purley, Croydon & Greater London, Shinerocks is your local expert. Our team is here to support you through every stage of your property journey.
Call us on 020 8660 2010 or email enquiries@shinerocks.co.uk to get started.
We know property better than anyone and are proud to be a trusted estate agent in Purley, Croydon & Greater London.
Note: The information in this article is based on data as of March/April 2025 and may change. Always seek professional advice for specific circumstances.
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You can also call us on 020 8660 2010, or email enquiries@shinerocks.co.uk.
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