The state of your local property market: June 2025

July has arrived and so has the sunshine – and just like the weather, things are hotting up at Jacobs Steel! While we can’t promise to keep your ice cream from melting, we can tell you the local property market is buzzing with activity. Whether you’re dipping your toes in the water as a first-time buyer or diving into your next big move, this sunny season is bringing plenty of opportunities.

In this month’s update, we’re diving into what’s really happening across the coast, with fresh updates from the sales, lettings, and commercial sides of the market. You’ll hear directly from our team of experts as they share what’s moving, what’s trending, and why now might just be a great time to make your move.

The current landscape

This month, Managing Director at Jacobs Steel, Pat Barton, gives us his insights on what’s been happening in the local property sales market. Here’s what he had to say:

“The supply of new properties coming to the market remains buoyant, with an impressive 115 residential properties going live across our business in the past month alone. This steady flow of listings reflects growing confidence among sellers and provides buyers with a broad and varied choice across different price points and property types. It’s encouraging to see such healthy stock levels as we move into the summer months, typically a busy period for the housing market.

However, we are finding that sales are often taking longer to negotiate. In many cases, if a seller agrees to a lower price than originally marketed, this adjustment tends to be reflected in their onward purchase too. This knock-on effect is contributing to more cautious pricing throughout the chain, and buyers are very aware of comparable sold prices in their local area. In this environment, realistic pricing from the outset is crucial to maintaining momentum and achieving a successful outcome.

Despite this, activity levels remain strong – particularly in our Worthing town centre office, which is on track to record one of its highest ever months for sales agreed in June. This milestone highlights the presence of plenty of motivated buyers who are ready to move, especially when a property is well-presented and priced in line with current market expectations. Good marketing and proactive negotiation are playing an important role in keeping deals moving forward.

With more properties available and price sensitivity still high, buyers are in a strong position to negotiate and are often taking their time to find the right home. For sellers, this means that setting a realistic asking price and being flexible on terms can make all the difference when it comes to securing a committed purchaser.”

Mortgages

The current Bank of England base rate is 4.25%, and the next base rate review is scheduled for 7th August 2025.

As of 30th June 2025, the current average mortgage rates are shown below (sourced from (https://www.uswitch.com/mortgages/) but we would also recommend speaking with an independent mortgage broker before committing to a product.

Rental market review

Ollie Whiting (MARLA), Lettings Manager at Jacobs Steel shares his thoughts on the March lettings market:

“The rental market remained strong throughout June, with high tenant demand and rising rents – a pattern echoed across the South East. Well-presented properties are letting quickly, often at or above the asking price.

As we move through the busy summer period, there’s little sign of this momentum slowing, and we expect strong demand and rising rental values to continue in the weeks ahead.”

Commercial market review

Leigh Doherty, Commercial Manager, has an in-depth understanding of the commercial property market. Here’s what he had to say:

“June has delivered another robust month for the commercial market, continuing the positive momentum built over the spring. Retail activity remains buoyant, with a steady stream of completions and new deals being agreed. Well-presented retail units are attracting swift interest, particularly those in strong high street or corner positions with good visibility and footfall.

In addition to lettings activity, we are seeing a noticeable uplift in interest in freehold investment opportunities. Investors are actively seeking out well-let or vacant possession properties to add to their portfolios. With interest rates stabilising and long-term returns looking attractive, freehold assets are once again in sharp focus.

We currently have a number of freehold retail investments available, both with tenants in situ and with vacant possession – offering flexibility to both investors and owner-occupiers. If you are looking to acquire or dispose of a freehold asset, now is a particularly opportune time to explore your options.

If you’d like to discuss your property, need advice, or are thinking about going to market, we’d be happy to help.”

The road ahead

As we head into summer, the local property market is showing plenty of positive momentum. Whether you’re considering a move, looking to invest, or just keeping an eye on the market, it’s an exciting time to stay informed.

If you’re curious about what your property might be worth, want advice on your next step, or simply fancy a chat with someone who knows the market inside out, our team is here to help. Pop into your local Jacobs Steel branch or give us a call.