UK House Prices Expected to Rise by 23.4% Over Five Years

Savills forecasts a significant increase in property values as mortgage rates decrease and buyer confidence improves.

Average house prices in Britain are predicted to increase by £84,000, reaching £442,000 by 2029.
Savills anticipates a 4% rise in house prices next year, driven by decreased mortgage costs.
The strongest growth is expected in the North, with increases between 28% and 29% by 2029.
First-time buyer activity is projected to remain below pre-pandemic levels due to lack of government support.
Affordability will be a key factor influencing regional house price growth beyond 2025.