POTTERS BAR & LONDON HOUSE PRICES REACH SPRING HIGH IN MAY

Tuesday May 20, 2025

Potters Bar and London House Prices Reach Spring High in May

The UK property market has gained momentum this spring, with average asking prices reaching a new record of £379,517 in May 2025. While the pace of growth has steadied, the underlying market fundamentals remain strong. For buyers and sellers in Potters Bar and London, the latest figures signal not only resilience, but opportunity—particularly in commuter-friendly towns like Potters Bar, where Auckland Estates continues to see robust local activity.

Spring Surge: A Market on the Move

Continuing a five-year trend, the housing market has delivered another spring price record. May saw a 0.6% monthly increase in asking prices (equating to £2,335), though this was the smallest May rise since 2016, suggesting a more balanced, buyer-conscious marketplace.

April’s 1.4% jump was driven by early-year urgency, as many buyers rushed to beat the stamp duty changes in March. That spike briefly cooled demand in April—down 4% year-on-year—but May has shown encouraging signs of a recovery, with sales agreed now 5% higher than May 2024.

Potters Bar: Commuter Comfort and Strong Buyer Confidence

As a prominent commuter town with excellent links to London, Potters Bar has long held strong appeal for families, professionals, and downsizers alike. And in 2025, that appeal is being matched by growing market activity.

At Auckland Estates, we’re seeing a 3% increase in buyer activity compared to last year, despite a brief lull in early spring. The number of homes being listed in Potters Bar has risen in line with national trends, giving buyers greater choice while encouraging sellers to price more realistically.

Local values have remained stable, with year-on-year price growth tracking around 1%, in step with the wider market. However, what sets Potters Bar apart is its continued demand for quality homes in well-connected, green neighbourhoods. Whether it’s a family looking near Wroxham or Dame Alice Owen’s schools, or London leavers seeking garden space and quieter surroundings, Potters Bar is firmly on the radar—and activity at Auckland Estates reflects this.

London: A Healthier, More Balanced Capital Market

In the capital, house prices remain well above the national average, but the market has shifted from aggressive price hikes to more measured growth. Inner boroughs, in particular, are seeing greater negotiation power for buyers, with listings at a ten-year high and more properties competing for attention.

The stabilisation is good news. Two-year fixed mortgage rates now sit at around 3.72%, compared to 4.75% this time last year, and a second anticipated Bank of England rate cut could further support affordability across the capital and surrounding commuter towns.

For those weighing a move from London to Potters Bar, the current lending conditions and comparative value for money offer a compelling reason to act now.

The Buyer-Seller Balance: Navigating a Fairer Market

Nationally, the market is moving towards a healthier equilibrium. With new listings up 14% year-on-year, and more properties coming to market than new buyers, sellers are needing to be smarter and more strategic.

As our market expert Colleen Babcock notes:

“In the current market, buyers may well have several similar homes to choose from… a home which appears over-priced compared to the competition may not get a second look.”

This is especially true in Potters Bar, where buyers are well-informed and have options. At Auckland Estates, we advise our clients to work closely with a local expert, understand comparable sales, and price strategically to ensure they’re capturing attention in a competitive environment.

Looking Ahead: A Strong Summer Forecast

While buyer demand softened briefly post-March, the overall outlook for the rest of 2025 is positive. Falling mortgage rates, improved affordability, and rising wage growth are combining to give buyers more confidence—and more spending power.

For sellers in Potters Bar and across North London, now is an ideal time to come to market. The increased volume of active buyers, especially those moving out of London in search of more space, presents a strong opportunity. And for buyers, the combination of wider choice, more manageable mortgage costs, and less frenzied competition makes this one of the most balanced markets we’ve seen in recent years.

At Auckland Estates, we know the Potters Bar property market inside out. Whether you’re looking to sell a family home, buy your first property, or explore the commuter belt with fresh eyes, our team is here to guide you through every step.

May 2025 has set the tone for a confident, active summer. Potters Bar is well-positioned for growth, stability, and lifestyle appeal—making now the right time to make your move.