Is It Still Worth Buying a Property in the UK?

If you’ve been thinking about buying your first home, you’ve probably asked yourself the same question - “Is it still worth buying a property in the UK right now?”

With rising rents, new government housing reforms, shifting mortgage rates, and an ongoing cost-of-living squeeze, it’s completely understandable to feel unsure.

But here’s the good news, 2025 shaped up to be one of the most interesting years for first-time buyers, with new opportunities, increased buyer power and more support options than we’ve seen in years. Let’s break down whether buying a home in the UK still makes sense, what the current market looks like and who stands to benefit most.

Home at Last can help you every step of the way. Book a free 15-minute consultation today and let's prepare you for your homebuying journey.

1. The Housing Market: What’s actually happening?

The UK property market for 2025 feels calmer, more balanced and more buyer-friendly than the chaotic years that followed the 2022 mini-budget. Here’s what defines the market right now:

• Mortgage rates are stabilising

Rates have eased, falling back below the 5% mark on average with some applicants securing sub-4% deals. Compared to the 6%–6.5% rates we saw in 2023, that’s a major improvement and makes monthly payments more manageable.

 

• A “buyer’s market” has emerged

With more homes available and fewer buyers competing:

• Buyers have more negotiating power

• Sellers are accepting lower offers

• There’s a reduced risk of bidding wars

First-time buyers especially benefit, as no chain, they are faster to move and very attractive to sellers.

 

• House price growth has been modest

Zoopla and Halifax recently reported 1–2% annual growth, far lower than the pandemic boom years. This steady pace means:

• Fewer properties are slipping out of reach

• Buyers have more time to choose carefully

• The risk of overpaying is much lower

2. Reasons why buying Still makes sense

• Renting is more expensive than ever

Between 2020 and 2025, rents rose over 40% nationwide, stretching affordability to the limit.  In many areas, mortgage payments are now equal to or lower than rent, especially on competitive fixed rates.

If you plan to stay put for 3–5 years, buying is often the better long-term financial choice.

• First-time buyers have access to powerful support schemes

Depending on your circumstances, you may be eligible for:

• Shared Ownership

• First Homes

• Rent to Buy

• Deposit Unlock (new builds)

• Lifetime ISA (25% government bonus)

• 100% mortgage products (selected lenders)

With the right strategy, you don’t always need a large deposit.

• Buyers can negotiate harder than ever

We’re seeing first-time buyers secure:

• Price reductions of £5,000–£25,000

• Seller-paid contributions (legal fees, repairs)

• Faster turnarounds due to chain-free status

If you’re ready to buy, this may be an ideal moment to negotiate.

 

• Mortgage rule changes are improving affordability

• Recent regulatory changes mean some buyers can now borrow up to 20% more than in early 2024.

• For those close to their borrowing limit, this could make a significant difference.

3. When might it Not be worth buying?

Buying isn’t the right move for everyone. You may want to wait if:

• Your job is unstable or you’re changing roles - Lenders prefer 3–6 months of employment stability.

• Your credit score needs work - A weak score could mean higher interest rates or lower borrowing amounts. (See our three-part credit score blog series for help building your score.)

• You plan to move again within two years - Buying is more cost-effective when you stay at least 3–5 years.

• Your deposit is below 5% and no schemes apply - Saving a bit longer could unlock far better deals.

4. Will UK House Prices Rise or Fall?

Most analysts forecast 1–2% steady growth, not significant drops or dramatic rises.

This means:

• Prices are unlikely to fall sharply

• The window to buy before rates or prices rise again is open

• Waiting for a “crash” is unrealistic

• The post-pandemic correction has already happened

5. Should First-Time Buyers Act Now or Wait?

Buy now if:

• You have stable employment (12 months+)

• You have a 5–10% deposit saved

• Your credit score is healthy

• You plan to stay for 3+ years

• You find a home you love at a fair price

Wait if:

✘ Your deposit is under 5% with no support scheme

✘ You expect major life changes soon

✘ Your finances or credit need rebuilding

How Home at Last can help

Buying your first home is a huge step and you shouldn’t have to navigate it alone.

At Home at Last, we help first-time buyers make confident, informed decisions through:

• Building a personalised deposit saving plan

• Referrals to trusted mortgage brokers

• Property search and negotiation support

• Step-by-step guidance until you get your keys

Not sure whether buying a property is the right move for you? Book a free consultation and let’s go through your options and goals together.

Final Thoughts: Is It Still Worth Buying a Property in the UK?

Yes! For many first-time buyers, 2025 offered a unique window of opportunity.

The market has been far kinder than it has been in recent years. With:

• More affordable mortgage rates

• Increased property supply

• Strong negotiating conditions

• Government-backed support schemes

• Rising rents making owning more appealing

… But the key is being prepared, financially, strategically, and emotionally. That’s where having the right support makes all the difference. Your first home could be closer than you think. If you're considering buying your first home – talk to our experts at Home at Last.

Disclaimer:

This information is for general guidance only and does not constitute professional advice. The content is based on the author's research and opinions at the time of writing. Please consult with a qualified professionals before making any investment, financial, or business decisions.