Spring 2026 Property Market Update
As we move through spring, the property market is settling into its familiar seasonal rhythm. Activity has picked up across both sales and lettings, with more properties coming to market, an increase in viewings, and a steady flow of enquiries.
This is typical for the time of year. However, what feels notably different compared to recent years is the pace of the market. Rather than the urgency we have previously seen, conditions feel more measured. There is still strong movement, but it is accompanied by greater choice, more balanced pricing, and a more considered approach from buyers and sellers alike.
At Perren Property, we continue to monitor these shifts closely, ensuring our clients are well positioned as the market evolves.
Buying: A seasonal lift, with more choice
Spring is traditionally one of the most active periods for buyers, and this year we are seeing that seasonal uplift take hold.
New seller asking prices have risen slightly this month, which is in line with expectations at the start of the spring market. More notably, the number of properties available remains high for this time of year, giving buyers a broader range of options than we have seen for some time.
At the same time, the market remains price-sensitive. While demand is clearly present, buyers are approaching decisions carefully, with affordability continuing to play an important role. This is reflected in both pricing trends and mortgage activity, which point towards a steady market rather than a highly competitive one.
For buyers, this creates opportunity. There is more scope to compare, to take a considered view, and to make informed decisions - provided you are well prepared when the right property becomes available.
Selling: Strong conditions, with increased competition
For sellers, spring continues to offer one of the best windows to come to market. Buyer activity is stronger, and well-positioned properties are attracting good levels of interest.
However, the increase in supply means competition between sellers is more pronounced. Pricing remains key. While there has been a small seasonal uplift in asking prices, overall annual growth remains modest, reinforcing the importance of getting the initial launch strategy right.
We are also seeing variation across different locations, with timescales to secure a buyer differing depending on local demand and property type.
In this market, presentation and pricing go hand in hand. Properties that are launched thoughtfully and positioned realistically are achieving the best results.
Lettings: Continued demand, greater stability
The lettings market remains active, with consistent tenant demand across many areas.
What has shifted slightly is the rate of rental growth. While rents are still increasing, the pace has eased compared to the sharper rises seen previously. This is helping to create a more balanced environment for both landlords and tenants.
Regional differences remain important, and local knowledge continues to play a key role in setting appropriate rental levels.
For landlords, the focus is increasingly on long-term stability. Retaining good tenants and maintaining properties to a high standard is becoming just as important as achieving strong rental values.
Market Outlook: Steady and balanced
Recent data continues to point towards modest, sustainable growth in house prices, rather than any rapid upward movement. This reflects a market that is functioning well, but without the intensity of previous peaks.
Overall, the spring market in 2026 feels more balanced. Buyers have greater choice, sellers continue to benefit from seasonal demand, and landlords are seeing sustained tenant interest, with rental growth beginning to stabilise.
Looking ahead with a positive outlook
As we move further into spring and into the early summer months, preparation will remain key. A more balanced market tends to reward those who are organised and realistic in their approach.
Buyers who are ready to proceed are in the strongest position. Sellers who price and present correctly are achieving the best outcomes. Landlords who prioritise quality and tenant relationships are seeing greater consistency, while well-prepared tenants are able to secure suitable properties more efficiently.
If you are considering a move this spring, whether buying, selling or letting - now is a good time to take stock and plan your next steps carefully. The market is active, but measured, and having the right advice from the outset can make a significant difference.
As your dedicated Dorking estate agent, if you would like a clearer view of how these conditions apply to your own property or plans, please get in touch with Perren Property for bespoke advice and tailored support.
