Surrey Property Market Update: Mid-Year Review 2025

As we reach the halfway point of the year, now is the perfect time to take stock of the current local property market. Whether you're a homeowner, potential buyer, or landlord, understanding how the market is performing can help you make more informed and better decisions.

In this mid-year review, we’ll explore the key trends shaping Surrey’s housing market, including price movements, buyer demand, and what we might expect in the second half of the year.

Key Trends in the Surrey Property Market

1. Steady Price Growth in Prime Locations

According to Rightmove, the average house price in Surrey currently stands at £612,762, reflecting a 3% decrease compared to the same period last year. This drop follows a peak of £633,301 in 2022 and highlights some cooling (in certain areas) in the market after years of sustained growth.

However, it’s worth noting that ONS figures show a more modest 1.1% annual increase, with the average property price in Surrey reaching £518,434 as of December 2024. This variation reflects differences in sold prices versus asking prices, and also suggests that while some areas are softening, others remain very resilient.

Areas particularly in sought-after areas such as Guildford and surrounding areas, Weybridge, and Reigate. Family homes in commuter towns remain in high demand, continuing to drive prices up in those areas.

2. Rise in Buyer Demand and Competition

Buyer demand has remained resilient, supported by improving mortgage rates and a relatively strong local economy. The most active segment of the market is first-time buyers and those looking to upsize.

Properties that are well-presented and realistically priced are receiving strong interest and multiple viewings within days of being listed. This is especially true for homes near well-regarded schools or with good transport links to London.

3. What’s the market looking like for the rest of 2025?

Looking ahead to the second half of the year, several factors could shape the market.  But as we know, from decades of experience, things can move very quickly.  But based on current thinking:

• Interest Rates: With inflation easing, there is speculation that the Bank of England may make further rate cuts. Lower mortgage rates could boost affordability and unlock more buyer activity.
• Seasonal Activity: The late summer and early autumn are traditionally active periods for the housing market. We expect to see a strong push from both buyers and sellers looking to complete transactions before the end of the year.
• More Realistic Seller Expectations: One noticeable trend this year is that those looking to sell their homes are taking a pragmatic approach to pricing. With greater awareness of market shifts, many are choosing to price competitively from the outset to attract serious buyers quickly and avoid drawn-out sale processes.

Thinking of Moving in 2025?

If you're considering selling or buying a home in Surrey this year, it’s important to work with a local estate agent who understands the nuances of the current local market. We specialise in helping homeowners achieve the best possible results.

Whether you want a free property valuation or personalised advice on your next move, we’re here to help.

Get in touch today to speak with one of our friendly team members or to book your free no-obligation valuation.