Newbury
Residential market update
For more property insight and professional advice on your home and the local market, your local Carter Jonas team are here to support you. Contact us or pop in to your local office to chat to the team.
020 7529 1538
Leslie Schroeder
Head of Residential Research
Email
01635 263024
Email
Fiona Minx
Partner, Residential Lettings
AUTUMN 2025
We’re looking at what’s driving the property market right now and how it’s playing out in your area. Read our Autumn/Winter 2025 local market report for the latest property data and insight.
The private rental market in 2025 showed a noticeable return to balance between supply and demand. Tenant demand is easing from the exceptionally high levels seen almost everywhere in the country between 2021 and 2023. This moderation is largely attributed to factors such as reduced migration levels and interest rate cuts, which have helped more households move into home ownership, and easing the pressure on the private rental sector. However, current demand is still well above pre-2020 levels. Furthermore, this market equilibrium primarily stems from this decrease in demand. While available supply may appear to be increasing, this is primarily due to higher tenant churn and easing demand, rather than a genuine increase in the total number of physical rental units.
Looking ahead, we anticipate a further slight moderation in tenant demand. Given the expectation of at least one more interest rate cut within the next 6-12 months, this will enable additional households to move into home ownership. However, this easing demand is likely to be offset by a short-term decline in the supply of rental units. With the Renters' Rights Bill expected to take effect in early 2026, the accompanying regulatory uncertainty is likely to suppress the amount of available supply.
Average rents in Newbury are £1,279 per calendar month (pcm), around 5% below the national average of £1,348 pcm but in line with the wider average across West Berkshire, of £1,274 pcm.
Following rental growth of over 33% between 2022 and 2024 in Newbury, this has now decelerated significantly, rising at much more sustainable level of just 1.7% over the last 12 months.
West Berkshire though continues to see robust growth, averaging 4.5% per annum currently.
Average property price
Annual growth
House price forecast for 2025
OXFORD:
UK:
£xxxxxxx
£xxxxxxx
XX%
XX%
OXFORD:
UK:
XX%
XX%
OXFORD:
UK:
Key indicators
SALES
-5%
1.7%
4.5%
Data dashboard
SALES market
rental market
Average sales
price
12 months ago
curreNT
£465,000
£485,000
988
941
Properties available monthly
160
124
Properties sold
monthly
1.33%
2.57%
Average discount on initial asking price
85
61
Average days on the market
curreNT
12 months ago
£1,258
£1,279
Average rental price (pcm)
287
332
Properties available monthly
32
31
Average days on the market
01635 263024
Email
Fiona Minx
Partner, Residential Lettings
Average monthly mortgage repayment**
(assume average house price of £384,917)
2.50%
2.90%
3.67%
2026
2028
2030
Interest rate forecasts
£1,806
£1,638
£1,468
4.43%*
3.5%
£1,763
4.2%
£1,552
3.0%
2.5%
6.2%
5.3%
2.3%
2026
2028
2030
UK
house price growth
5.4%
4.6%
1.8%
2026
2028
2030
West Berks house
price growth
Forecasts
Average rental
price
Anual growth
£1,279
NEWBURY:
£1,274
WEST BERKSHIRE:
1.7%
4.5%
LETTINGS
NEWBURY:
WEST BERKSHIRE:
£1,348
UK:
5.7%
UK:
5.6%
4.8%
1.6%
2026
2028
2030
South East house price growth
Example mortgage rate
Sources used: Carter Jonas Research, HM Land Registry, ONS Price Index of Private Rents, Oxford Economics (forecasts), REalyse (data dashboard, 12-month rolling averages)
* Average rate at early October 2025
**Average monthly mortgage repayments: 25 year period, 15% deposit. Mortgage rates are not forecasts but examples and are for illustrative purposes only.