11/11/2024
Hamptons forecast that house prices will rise by an average of 3% across Great Britain in 2025, followed by 3.5% in 2026 and 2.5% in 2027, as the affordability picture improves.

While the estate agency’s 2025 house price growth and transaction forecasts remain unchanged, they have downgraded longer-term growth due to high interest rates and taxes bearing down on the market.

The company projects that 2025 will mark the beginning of a new property market cycle, with London seat to start outperforming other regions for the first time since 2015 with 4% annual price growth in 2025.

Source: https://propertyindustryeye.com/what-is-going-to-happen-to-house-prices-and-rents-next-year-4/

07/11/2024
The Bank of England has announced a further cut to the base interest rate, now standing at 4.75%, as it aims to bolster economic stability amidst easing inflation rates. This follows a 0.25% reduction in August 2024 and comes as inflation drops to 1.7%, below the Bank’s 2% target, providing favourable conditions for the housing market.

Source: https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2024/november-2024