Is 2025 a good time to buy a new home?
Wondering whether 2025 is the right time for you to make a move? Discover why exciting offers and financial trends make this year ideal for purchasing a new build home.
To buy or not to buy? It’s a big decision, whether you’re stepping onto the property ladder, relocating, or seeking more space for a growing family. Thankfully, the housing market is turning a corner, and 2025 is looking brighter for anyone dreaming of a brand-new home.
What’s happening in the market this year?
After a few uncertain years, the housing market is beginning to steady. Experts at Zoopla predict that UK house prices will grow modestly by around 1%, with some areas seeing up to 2.5%. With more homes on the market and slightly less competition between buyers, things are feeling more balanced.
It’s good news for mortgage seekers, too. With the Bank of England base rate down to 4% as of August, mortgage rates have started to level out between 4% and 5%. And with lenders easing their stress-testing criteria, many buyers are finding they can borrow more than they could just a year ago.
Meanwhile, rents are continuing to rise across the country, putting extra pressure on those not yet on the ladder. So, if you’re ready to take that next step, 2025 could be the perfect time to start your journey.
Great ways to help you buy
One of the hardest parts of buying a home is saving up enough for a deposit, especially if you’re already paying rent. Fortunately, at Persimmon, we offer several fantastic buying schemes to help.
If you’ve saved a deposit of 5% but are struggling to reach the 10% expected by most mortgage lenders, Deposit Unlock could be the solution for you. Using the scheme, both first-time buyers and existing homeowners can secure selected Persimmon homes with just a 5% deposit.
Or, if you have managed to save the 10% but would like to borrow less, why not use Deposit Boost? With this scheme, we could boost your 10% deposit up to 15%, putting you in a great position to borrow just 85%.
It doesn’t stop there, either. New Build Boost from Gen H and Deposit Match are also there for you.
Explore what's possible and read about our full range of ways to help you buy
Shared Ownership
Another great option to make a new home a reality in 2025 is Shared Ownership. It’s an ideal solution for anyone who’s not quite in a position to buy traditionally, for example, if you can’t afford the deposit and mortgage payments for a home you want.
With Staircase, Persimmon’s very own Shared Ownership scheme, you buy a portion of the home and rent the remaining portion from our Shared Ownership partner RESI.
You only need to pay a deposit and mortgage on the portion that you buy, meaning a smaller initial lump sum to secure your home, and smaller mortgage payments. On the rented share, you’ll pay a subsidised monthly rent, meaning you’ll be renting for below market rate.
Along with the fact that you can buy more shares in the home over time until it’s yours completely, this provides a brilliant alternative if you want to get on the property ladder.
Save money on bills and repairs with a new home
With the rising cost of living, it’s the expenses of running a home, from energy bills to unexpected repairs, that can really add up. For many buyers, affordability isn’t just about the house price.
That’s why buying new could be the smart choice. A report published by the HBF (Home Builders Federation) found that buyers of new build houses save an average of £183 per month on energy bills compared to similar older houses. The report noted that overall, new housing uses 55% less energy and emits 60% less carbon than older homes.
When it comes to home improvements, another HBF report found that it costs a whopping £73k to bring the average older home up to new build standards.
Ready to make your move?
With a steady market, improved mortgage affordability and cost-saving benefits unique to new builds, 2025 could be just the right time to take the next step.
And when you do, we’ll be here to support you through the journey, from choosing your new home to moving day and beyond. Use the search bar below to explore our exciting new communities, or contact us to find out more.
