In a new regular feature on Island Echo, Charlie Panayi, CEO of Red Squirrel Property Shop, gives a monthly update on the Isle of Wight’s property market…
There’s a lot of chatter about ‘the market’s slowed down and no one is buying’, but let’s share what’s really happening on the Island in a more balanced view…
Latest figures (September 2025):
- Average house price (Isle of Wight): £299,909
- down 0.78% over 2 months
- down 2% year on year
- down 4% from the 2022 peak
- Average lettings rent = £1,036 pcm
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- 1 bed: £728 pcm
- 2 bed: £916 pcm
- 3 bed: £1,246 pcm
- 4 bed: £1,573 pcm
That’s the data. Here’s how I read it.
This isn’t a market crash. It’s a rebalancing. Prices have eased from the 2022 highs, that’s obvious and needed to happen. But to say the market is dead is misleading. There’s still demand and sales are up so far for 2025 compared to 2024.
What’s changed is buyer behaviour. Buyers can be choosier as there is more to compare and compared to the highs of 2022, when people would offer whatever they wanted as they were borrowing at circa 1%, they will now not pay over the odds. They want to pay what it’s worth and that’s healthy.
A few quick takeaways for sellers:
- Know which price point you sit in. The market is different within certain brackets. Some brackets are softer, others are showing year-on-year gains.
- Price sensibly. Buyers can compare freely, a sensible price gets attention and it will sell. An optimistic price gets ignored.
- Presentation still matters. Small, practical improvements and clear presentation make a real difference when buyers have choice.
For buyers. You’ve got a bit more leverage than in 2020–23. Do your homework. The best homes, well located, well presented, fairly priced are still going quickly.
On lettings…
The bedroom breakdown shows where demand is. 2 and 3-bedroom homes remain in the highest demand. If you’re an investor, that’s worth noting; these let reliably and sit around the average rent band.
If you’re looking to rent, the market is still tough, specifically for good 2 and 3+ bed homes. Have all your paperwork ready and move fast when you find something suitable. I would suggest registering with as many agents as you can.
Where are we going now? I expect the market to remain broadly stable through the rest of 2025, with further slight declines on sales and slight increase on letting prices.
The Island’s fundamentals haven’t changed! Limited stock compared to much of the UK and an attractive lifestyle haven’t changed. People still want to live here and why wouldn’t they?
If you want a straight, practical view on where your property sits in this market, I’m happy to take a look and tell you what the numbers mean for you.
Follow me @charliepanayi or visit www.redsquirrelpropertyshop.co.uk for updates, advice and honest insight.
Information sourced from Onthemarket, Zoopla, Rightmove, Red Squirrel local data and personal knowledge of the market
Who cares? This isnt any real use is it. I can paraphrase monthly stats into an editorial with chatgpt too man things he is a business mogul!