Autumn 2025 Property Market Update Preston & the North West

Autumn 2025 Property Market Update – Preston & the North West

As we move into the autumn, the property market in Preston and across Lancashire continues to show resilience and signs of calibration. While national factors such as interest rates, inflation, and tax policy are keeping things cautious, locally the picture is more positive. At Dewhurst Homes, we’ve noticed strong levels of activity across most price brackets, and buyers are still motivated when properties are priced correctly. For anyone considering buying or selling, the data shows why now is still a promising time to make your move with trusted Preston estate agents like us.

Recent Trends: Preston & Lancashire in Focus

House Prices & Sales

• In Preston, the average property price over the 12 months to July 2025 was around £213,000, up from approximately £204,000 a year earlier.
• Detached: ~£320,000 | Semi-detached: ~£189,000 | Terraced: ~£135,000 | Flats: ~£98,000.
• Across Lancashire, the average price is £207,000, with around 19,900 sales in the last 12 months.
• In Preston, there were around 7,000 property sales in the last year, with the average price rising by £3,200 (≈ +1%).
• From what we’ve seen locally, realistic asking prices are key. Homes that launch sensibly are still achieving strong interest and quick sales.

Rental Market

• Average monthly private rent in Preston was £746 in August 2025, up from around £684 in August 2024 (a 9.1% increase).
• Flats saw the strongest rent increases (≈ 9.6%), followed by detached homes (~8.3%).
• Across the North West, average rents are £916/month, up from £855 a year earlier. Locally, we’ve seen particularly strong demand for well-presented two and three-bedroom homes, with competition driving rents higher.

Market Conditions & Sentiment

Stabilising Price Growth

• Knight Frank forecasts flat prices for 2025, while Nationwide expects growth of 2–4%.
• Zoopla reports UK house prices rising 2.8% year-on-year to July 2025.
• Locally, we’ve noticed that properties in Preston priced realistically are still selling well, and some forecasts suggest prices could rise by 4–5% over the year. This makes it a good time to arrange a free property valuation.

Transaction Activity & Supply

• In the North West, homes are selling in around 27 days on average, compared to the UK average of 35 days.
• Buyer demand remains 4% higher than a year earlier in the region.
• Rising supply means sellers need to be realistic with pricing, and work with an experienced estate agent in Preston to stand out.
• Tax reform speculation is dampening high-end property activity, but in the mid-market we’ve seen steady buyer confidence.

Pressure on Higher-End & Volume Markets

• Properties over £500,000 are seeing slower activity due to policy uncertainty.
• National surveys suggest many homes are selling 4–5% below asking price, and our team has seen similar patterns with inflated valuations struggling to secure offers.

The Importance of Accurate Valuations

One of the most important factors right now is getting an accurate valuation. Inflated or unrealistic prices can lead to long delays, fewer viewings, and eventually lower offers. At Dewhurst Homes, we pride ourselves on providing honest, evidence-based valuations that reflect the true market. This ensures sellers don’t lose time and buyers feel confident making strong offers.

What’s a Good Time to Buy or Sell?

For Sellers

• Well-presented, fairly priced homes are still selling quickly. Our selling services ensure your home is marketed effectively.
• Higher-value properties may be slower to shift due to buyer caution, but smart pricing makes all the difference.

For Buyers

• Stable prices suggest there’s little benefit in waiting for large discounts.
• Acting sooner may be better, especially if you find the right property within budget. Start with our latest Preston homes for sale.
• We’ve also noticed well-priced homes often attract multiple interested parties — so be prepared to act decisively.

Lettings and Buy-to-Let Outlook

• Rising rents in Preston continue to support strong rental yields.
• Tenants are staying longer, reducing landlord turnover costs.
• We’re seeing landlords benefit from strong demand, but also facing new efficiency and compliance standards. Our lettings team can help you plan ahead.

Forecast and What to Watch

Near-Term (6–12 months)

• Price growth in Preston likely to remain modest (1–3%).
• Rental growth expected to outpace property price growth.
• Upper-tier homes (£500k+) may face further volatility.

Medium-Term (2–5 years)

• Analysts predict upward potential if interest rates fall and confidence improves.
• Preston and other regional markets may outperform larger cities due to affordability.

Key Advice

• Buyers: Focus on affordability and location. Good opportunities are available now — start your search with our Preston property listings.
• Sellers: Realistic pricing and presentation remain crucial to attract motivated buyers. Request a free valuation to see where your property sits in today’s market.
• Landlords: Rental demand is strong, but plan ahead for efficiency upgrades and regulations. Explore our lettings management services.

Looking to Make Your Next Move?

Dewhurst Homes has been helping people buy, sell, and let property across Preston and Lancashire for decades. Whether you are searching for your next home, looking to sell, or need expert letting advice, our team is here to help:

• Search Properties for Sale – browse the latest homes across Preston and Lancashire.
• Selling with Dewhurst – expert valuations, tailored marketing, and full sales progression support.
• Free Property Valuation – get an accurate market appraisal from our local experts.
• Letting Services – from tenant finding to full management, we help landlords maximise returns.
• Properties to Rent – find your next rental home with our dedicated lettings team.