Blog Post

Medium-term outlook for UK housing market

Dewi Dewi Jones Jan 5, 2024, 13:00 PM

Looking across the average of published house price forecasts, UK house prices are expected to soften marginally in 2024 (by an average -2.1%). Renewed price growth is expected to be evident in 2025, with prices forecast to rise by 3.0%.

While perhaps not sufficient to drive strong price growth in 2024, activity levels are expected to pick-up with tentative improvements in affordability and more certainty over the direction of interest rates.

Rental price growth is forecast to outpace sales price growth over the next two years. Although rents are forecast to continue to rise, it is at a more modest pace than the last two years, set to average 3.6% over the next five years. Source: #Dataloft, HM Treasury (Independent average), Nationwide, CBRE, Savills, Knight Frank, Rightmove, JLL, Chestertons, Zoopla

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"The staff at Peter Anthony could not have been more helpful. The team are well led by Gill."

- Steve

"I had a viewing with Abbey, so lovely and friendly"

- Amy

"A great company and great experience."

- Andrew

"Yaseen was a truly amazing agent."

- Yasuhira Nomura

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"Sean was really lovely on our inspection. Quick, easy and efficient. Thank you!"

- Roberta