The UK property market has entered 2025 with cautious optimism. Here is what the national trends mean for buyers and sellers in Lancashire and Greater Manchester.
National Picture
Nationwide and Halifax data show UK house prices edging upward, supported by improving mortgage availability and a gradual increase in buyer confidence. Transaction volumes are recovering from the lows of 2023-24, though remain below pre-pandemic levels.
North West Outperformance
The North West continues to outperform many other UK regions, with more affordable entry points attracting both first-time buyers and investors. The combination of improving transport links, ongoing regeneration, and relatively affordable prices makes Lancashire and Greater Manchester particularly attractive.
Local Implications
For Chorley and surrounding areas, the national trends reinforce what we are seeing locally — steady demand, limited supply, and prices that are holding firm or gently rising. The market is balanced and healthy, which is good news for both buyers and sellers.
Thinking of Making a Move?
Whether you are buying or selling, spring is traditionally the most active time in the property market. If you are considering a move, now is an excellent time to get an accurate, up-to-date valuation of your property.