Positive Market Outlook for Wimbledon Property in 2025, Says Rightmove
For those interested in buying or selling a property in Wimbledon, London SW19, Rightmove has shared an encouraging forecast for the property market in 2025. Their latest data points to a modest rise in house prices, stable mortgage rates, and potential rate cuts in the coming year, indicating a positive environment for residential transactions, writes Zah Azeem, Partner at Wimbledon based, Chartered Surveyors, Scrivener Tibbatts and a specialist in Professional Property Valuations.
Rightmove, the online property portal which is a FTSE 250 listed company, has updated its own revenue guidance for 2024 to approximately £390 million, forecasting 7 – 9% growth. The company also anticipates that its average revenue per advertiser (ARPA) will increase by £85-£95 over 2023’s £1,431 level, fuelled by stronger residential property sales.
The market is showing signs of recovery with more new build development projects starting on-site, which could further support growth in 2025.
With optimism returning, Rightmove’s outlook suggests an increasingly favourable property market landscape for Wimbledon and surrounding areas next year. I recently looked back at the trends over the last five years in our local market in this article, which might also be of interest if you’re considering buying or selling a property in Wimbledon next year.
If you would like to discuss Red Book Valuations (Inheritance Tax, Capital Gains Tax), Party Wall, Lease Extensions or Freehold valuation issues, please contact me direct via email at zah@scrivenertibbatts.co.uk or call 020 8947 7040.