The season may be shifting, but the UK property market is moving fast. With interest rates easing slightly and more homes coming onto the market, the balance of power is reportedly shifting towards buyers - especially those who are financially prepared and willing to act.
Market conditions have changed significantly over recent months, with many describing it as one of the fastest shifts seen in years. The number of homes available for sale has grown, and according to Zoopla, there are now 8% more listings than this time last year although this varies significantly depending on location.
For buyers in Purley, Croydon & Greater London, this means less competition and more options. With mortgage rates stabilising, borrowing is becoming more accessible, and buyers are taking advantage. Being mortgage-approved and flexible with timelines can give buyers a significant advantage, so be prepared.
Arranging the right mortgage that is tailored to suit your individual needs is vital, especially in an increasingly competitive mortgage market and changing economic environment. Receiving trusted and honest advice from industry experts can help secure the property you want and avoid a property sale falling through, meeting your time scales to provide a hassle-free personal service.
That’s why we recommend CBM Financial an independent mortgage broker, who is well respected by mainstream institutions, private banks and other specialist providers. We highly recommend Michael.
Sellers in Purley, Croydon & Greater London are encountering a slightly more competitive environment. You might have thought the rise in listings has shifted momentum in favour of buyers, meaning that pricing a property correctly from day one is essential. Overpriced homes are being left behind as buyers become more selective.
Rightmove and other platforms have reported that the time to secure a buyer has increased slightly compared to earlier this year, highlighting the need for strong presentation, accurate pricing, and pre-prepared legal documentation to avoid delays and stand out from the crowd.
While demand hasn't disappeared, it's more cautious and value-driven. Sellers willing to be flexible and responsive to market feedback will be better positioned to achieve a sale.
What Happens Next?
There’s a growing sense of caution in the market as we approach the November Budget. Some buyers are delaying decisions in case there are changes to property-related taxes. There are less than four weeks to wait, and with the usual pre-budget leaks we will find out soon enough!
At the same time, proactive buyers and investors are recognising the current conditions as an opportunity. If you have greater choice, increased seller flexibility, and fewer bidding wars, now could be an ideal moment to secure a property before competition picks up again in the new year.
If you’re considering buying in Purley, Croydon & Greater London, it’s worth getting your finances in place, speaking to a broker, and registering with Shinerocks. Having everything ready could make all the difference in securing the right home at the right price.
Buyers in Purley, Croydon & Greater London: You may be in a stronger position than you have been in years. Use this time to your advantage by securing a mortgage in principle, researching local prices, and acting decisively when the right home comes up.
Sellers: The market is more competitive. Price accurately, get your home presentation-ready, and don't stop your move by having unrealistic expectations. When the going gets tough, the tough get moving!
Everyone: Keep an eye on the November Budget and upcoming legislation. Policy shifts could impact timing, costs, and buyer sentiment in the final quarter of 2025.
Shinerocks is here to support you in Purley, Croydon & Greater London whether you're buying or selling. Call 020 8660 2010 or email enquiries@shinerocks.co.uk to speak with a member of our team.
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You can also call us on 020 8660 2010, or email enquiries@shinerocks.co.uk.
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