Have the experts dusted off their crystal balls, read the tea leaves and consulted with the stars to predict the future of property prices? We very much doubt it. Instead of time-honoured ways of forecasting, the current crop of price predictions is a result of number crunching, trend watching and past data analysis.
What we all want to know is: are house prices going to rise in 2025? Open Property Group has gathered the most valid predictions together to bring you the definitive answer. We must, however, caveat the below with a reminder that these are merely predictions. It only takes a stamp duty discount, a mortgage price war, a swap rate revelation or even a pandemic to alter the course of house prices!
Home buying behemoth Rightmove is always early out the trap with its predictions. Its experts forecast that asking prices will increase by 4% by the end of 2025. The prediction is a little more modest over at Zoopla. Its team says UK house prices are projected to rise by 2.5% in 2025.
MPowered Mortgages says house prices could rise ‘significantly’ during 2025 but declined to commit to an actual figure. The Nationwide, however, wasn’t as shy. The lender says property prices are expected to rise by 2% to 4% in the next 12 months.
Jackson-Stops forecasts a potential 4% increase in UK house prices for 2025 and Savills agrees with the figure. One of the latter’s main rivals, Knight Frank, expects house prices to increase by 2.5%. Completing the high-end agent trio is Hamptons, who predicts house prices will rise 3% across Great Britain in 2025.
The Office for Budget Responsibility – a public body funded by the UK Treasury – has the most reserved prediction of all. It says house prices in the UK are expected to grow by 1.1% in 2025. In complete contrast, Capital Economics has been the most bullish in its thinking. Its property analytics and forecasting department says house prices will rise by 5% in 2025.
Taking all of the above and working out the average, house prices in 2025 are predicted to rise by 3.19%. What does that mean in monetary terms? When using Nationwide's most recent average house price, which is £268,144, the average property will rise in value by just over £8,000 in 2025.
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