Chat with us, powered by LiveChat House Prices to Grow by 6.3% in Next 18 Months
12th June 2024
5 minutes

House Prices to Grow by 6.3% in Next 18 Months

According to the latest research conducted by peer-to-peer property investment platform, easyMoney, the average price of a property in December 2025 is expected to have increased by 6.3% compared to today’s figures reaching a high of £300,559.

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House prices expected to increase by 3.6% in 12 months

The average house price in 12 month’s time is expected to have increased by 3.6% to sit at £292,838 according to the latest research from easyMoney, with the impressive rate of growth predicted to continue to the end of 2025 with prices increasing by a total of 6.3% by the end of 2025.

Based on the historical market trends analysed by the investment platform going back to January 2014, the new pricing forecast put forward by easyMoney suggests that the confidence in the UK property market shown by industry leaders such as Savills and Knight Frank is well justified.

“The recent doom and gloom around the UK housing market has not been unjustified, but it could be argued that lots of industry voices have been far too quick to paint negative pictures while the economic outlook has been one of uncertainty. Time and time again, UK property has proven itself to be resilient in the face of external pressures, and while prices may dip for a while, they rarely ever crash and always bounce back quickly. This is what makes property such a sound and sensible investment and a significant step away from other, more volatile assets that are far more volatile in the face of perceived socio-economic pressures.”
Jason Ferrando, CEO of easyMoney.

Industry experts jump the gun with negative price predictions for 2024

Utilising the historical sold prices from the Gov UK House Price Indexes, as well as analysing mortgage-approved house prices obtained through the Nationwide House Price Index, easyMoney have gained valuable insight into the recent price trends in the UK property market and released a new forecast predicting price growth between today and the end of 2025 based on the current market trends.

In the recent months house prices in the UK property market have slowly declined with the average price of a property declining by a meagre £5,000 between August 2023 and February 2024 – a correction of the inflated pricing the market continues to experience in the aftermath of the pandemic and imbalance between supply and demand.

The period of consistent decline has spurred industry headlines to claim the market is headed for a dead end with experts from the likes of Lloyds Bank, Zoopla, and Rightmove all warning of significant price drops between -1% and -4% before the end of this year and the national media reporting general doom and gloom for the market.

Savills retract negative price prediction in favour of 2.5% increase

November 2023 saw industry giant Savills join in on the negative predictions and share their own prediction that prices would decrease by -3% by December 2024, however, Savills have recently chosen to update their forecast and turn their prediction from a -3% decrease into a 2.5% increase.

The optimism in the future of the UK property market has been mirrored by more industry giants, such as Knight Frank, and is in part due to the promising increase in the Price Paid data that was recently published by the Land Registry.

Nationwide data has also revealed that the average house price in the UK has been steadily increasing since the beginning of 2024, and that in April, the average house price reached £261,962 – the highest figure since June 2023.

To speak to one of our expert team about our available properties and learn more about the current state of the UK property market, get in touch today.

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