Our 2025 Property Predictions For Clapham & Battersea
With a new year just around the corner, we thought we’d give you all our predictions for the property market in Clapham and Battersea in 2025.
Overall, it’s a picture of relative positivity. Interest rates have started to come down and there are signs of stable inflation. By the end of Q1, we should see mortgage rates becoming more competitive and rates below four per cent should be commonplace.
Demand
With changes to the stamp duty thresholds in April 2025, we anticipate strong demand from first-time buyers who aim to exchange before the end of March 2025, making those all-important savings.
Competition for family homes and high-quality flats is increasing due to the need for more quality stock on the market, which could drive up prices.
The 15-Minute City Appeal Will Increase Demand
The 15-minute city urban planning concept is relatively new, but it’s been gathering pace of late and we expect it to continue making big waves in 2025 and beyond.
The aim is to provide people with all the essentials they need within either a 15-minute walk or bike ride, focusing on micro-mobility and moving away from the idea of city planning revolving around cars as a mode of transport.
Both Clapham and Battersea offer this lifestyle, with excellent transport, green spaces, schools and many avenues for entertainment. We fully expect this innovative approach to drive demand among a certain subset of buyers who are looking for a sense of community and high levels of convenience, with everything within easy reach.
Rising Demand for Smaller Units
Home working and hybrid setups continue to prove very popular, particularly among younger demographics. There’s no sign of this slowing down, so we expect to see a rise in demand for smaller units with enough space for a separate home office to give people the flexibility they’re looking for in terms of their work/life balance.
Development Impact of Battersea Power Station
The development of Battersea Power Station is one of the most exciting projects to have been launched in London for quite some time, with 42 acres of industrial brownfield set to become a bustling community hub of homes, shops, restaurants, cafes, bars, offices and more than 19 acres of public space to enjoy.
With an eye-watering price tag of £9 billion, the development features a new business quarter, led by Apple’s UK headquarters. The fabulous restoration of the Grade II listed building and a Zone 1 extension to the Northern Line has been a huge success for the area.
Of course, surrounding areas will see spillover demand and infrastructure improvements, so it’s a fascinating time for Battersea right now.
Landlord Consolidation
Substantial changes are expected for the UK’s rental market next year, driven by the forthcoming legislation, ongoing affordability concerns and evolving tenant demands.
The renters reform bill, for example, will see the end of no-fault evictions, stronger Section 8 processes and mandatory landlord registration, with the likely consequence being improved security for tenants and stronger compliance requirements for landlords.
The knock-on effects of this will be enhanced tenancy screenings, more in-depth lease agreements and even potentially driving some landlords out of the market.
With smaller landlords selling up and more prominent professional landlords starting to dominate the landscape, quality will likely improve but renters should brace themselves for a possible increase in associated costs.
Growth in Family Buyers
Battersea SW11 and Clapham SW4 offer much in terms of convenience: 15-minute living, glorious expanses of open space, such as Battersea Park, Clapham, and Wandsworth Commons, and excellent local schools.
The more substantial houses coming to the market are now rivalling Wimbledon Village as the place to live. Many of these properties are sold off the market, so don’t hesitate to contact us if you want to buy or sell.
Overall, Clapham and Battersea are poised for stability and growth in 2025. With their vibrant communities, amenities, and substantial investment appeal, it’s not hard to see why they continue to be among London’s most popular places to live.
Call to register your interest or to value your property: 020-7228-9265