Is Now a Bad Time to Buy?

With the property market constantly in the spotlight, it’s understandable if you're asking whether now is the right time to buy a home. You might be reading headlines about inflation, house prices adjusting, or speculation around the economy. So here’s a clear answer. There isn’t a universal “right time” to buy. It depends on your situation. But there are facts that can help you decide.

What the Market Is Actually Doing

The UK property market has seen some cooling in recent months. According to the Office for National Statistics, average UK house prices rose by 5.4% over the 12 months to February 2025. That’s slower than previous years, but still shows steady growth rather than a sharp fall. In some regions, prices are holding firm. In others, especially where demand has dropped, there’s been a slight dip. For first-time buyers, this can be an opportunity to step in at a more favourable price point.

What’s Happening with Interest Rates?

Now to the money question. Mortgage rates are falling. After a long period of increases through 2022 and 2023, the Bank of England has shifted direction. The base rate currently stands at 4.25%, down from its recent peak of 5.25% in 2024. Inflation is easing and markets are pricing in further reductions throughout 2025. Lenders have already started cutting fixed-rate mortgage deals, with many now below 4%, particularly for those with strong deposits.

This shift has made borrowing more affordable again. If you were holding off because rates felt too high, it’s worth reassessing now.

Can You Time the Market?

Everyone wants to buy at the perfect moment. But let’s be honest. Timing the property market is about as reliable as predicting the weather three weeks out. What matters more is your own readiness. If you're financially stable, have a deposit saved, and are planning to stay in a home for a few years or more, then short-term price fluctuations are less relevant.

Trying to wait for the absolute lowest point might mean missing a property that suits your needs. I’ve seen clients delay, hoping for a drop, only to come back months later and pay more or lose the home they really wanted.

So Should You Buy Now?

It depends on your situation, not the headlines. Here are some things to consider:

• Do you have a stable income?

• Is your deposit in place?

• Have you found a home that suits your life, not just your spreadsheet?

• Are you planning to stay in the property for at least 3 to 5 years?

If you’re ticking those boxes, now could absolutely be the right time to buy. And if you're not sure, that’s fine too.

So, is now a bad time to buy? No. It’s a changing time. And change brings both challenges and opportunities. The key is making a move that fits your life and your numbers.

If you're thinking about buying and want to talk through your options, I’m here to help, please get in touch.