Buyers Remain Active Amid Competitive Market Conditions in Plymouth

The Plymouth property market continues to show resilience in mid-2025, with competitively priced and well-presented homes still drawing attention. Although April saw a slight dip in buyer activity compared to March — partly due to changes in stamp duty — overall demand remains ahead of last year’s figures, suggesting renewed interest as spring progresses.

Nationally, an increase in available stock has led to a ten-year high in homes for sale. This has shifted more power to buyers, who now have a wider range of options and higher expectations around pricing. Sellers are encouraged to be realistic with their valuations to stand out and avoid extended time on the market.

Despite the softening in early spring, sales are still progressing well. Agreed transactions are up 5% compared to the same period last year, a sign that motivated buyers are out there and ready to move when the price and presentation are right.

A recent reduction in the base rate has improved affordability slightly, with average two-year fixed mortgage rates falling to 3.72 percent. While major rate cuts are unlikely, even small changes are having a positive effect on buyer confidence.

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