As we hit the halfway mark of 2025, many buyers are wondering: what’s next for the property market? Will the second half of the year bring more opportunity or more competition? We spoke to Mayfield Property Buyers Director, Paul, to get his take on the key market shifts and how to best prepare as a buyer in the months ahead.
Confidence is Building, But So Are Expectations
“Downward pressure on interest rates means we’re likely to see cuts before year’s end,” Paul explained. “As rates fall, consumer confidence tends to rise — and when confidence rises, prices usually follow.”
This is great news for property owners, but for buyers, it comes with a catch. Increased competition and more active buyers in the market can put upward pressure on prices — and it doesn’t stop there.
“Vendors are reading the same headlines. If their price expectations increase at the same rate as buyer demand, you could end up with no net change — just a more competitive landscape,” he said. “That’s why it’s so important agents work to keep vendors grounded in reality.”
Don’t Wait for a “Spring Market”
There’s a long-standing belief that spring brings a surge in new listings, but Paul says the traditional “spring market” no longer exists in the way it used to.
“That used to be a thing — you could almost set your watch to it,” he said. “But now, supply and demand are at play year-round. Yes, you might see a slight lift in listings come spring, but don’t count on a flood of new stock. If you’re waiting for that, you might be waiting too long.”
Paul's advice? Get your team ready before you’re ready. One of the most important pieces of advice Paul offers buyers heading into the back half of the year is "don’t wait until you’ve found the perfect home to get your support team in place."
“Whether you’re working with a buyer’s agent, a solicitor, or a broker — have them all lined up early,” he said. “These people need to be ready to act quickly, or slow things down when needed. Having your team prepared gives you flexibility and speed, which are huge advantages in this market.”
If you’re preparing to buy in the second half of 2025, now is the time to get organised. The market may be heating up, but it’s still possible to secure a great property — as long as you have the right team behind you and realistic expectations going in.
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