Average house price predicted to be £45,000 higher by 2028
1 year, 4 months ago

Average house price predicted to be £45,000 higher by 2028

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House prices are expected to be around £45,000 higher on average by 2028, as market demand and buying power recovers, according to a forecast. Interest rates are expected to have peaked and the worst of the house prices falls look to be behind us, but the first cut to rates still looks to be some way off Lucian Cook, Savills Transactions are expected to remain at around 1.01 million in 2024, rising to 1.16 million per year at the end of the forecast period in 2028, as mortgage buyers gradually return to the market. Lucian Cook, head of residential research at Savills, said: “Interest rates are expected to have peaked and the worst of the house prices falls look to be behind us, but the first cut to rates still looks to be some way off. “The expectation of a gradual reduction in rates suggests a progressive restoration of buying power and steady recovery in demand.” Here are the average house prices predicted by Savills by 2028, followed by the increase it predicts compared with 2023 house prices in cash terms.

Prices Price House Average Savills 2028  average  house  savills  expected  rates  prices  higher  east  sign  45000  predicted  2028  price

History of this topic

House price winners and losers revealed: From £136k falls in Chelsea to booming west coast of Scotland
3 weeks, 1 day ago

House price winners and losers revealed: From £136k falls in Chelsea to booming west coast of Scotland

Daily Mail  

Prices in Inverclyde on the up while Westminster, Chelsea and Kensington tank The average house price rose 4.6 per cent last year, according to the latest figures from the Office for National Statistics. The best performing local authority is Inverclyde in Scotland, which saw average prices rise by 6.5 per cent last year. The next best performing local authority in …

Average price gap between houses and flats ‘is at highest point in 30 years’
3 weeks, 3 days ago

Average price gap between houses and flats ‘is at highest point in 30 years’

The Independent  

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Number of £1m homes in Britain increases a third in five years to 700,000
3 weeks, 6 days ago

Number of £1m homes in Britain increases a third in five years to 700,000

Daily Mail  

The number of homes valued at £1 million-plus across Britain has jumped by around a third over the past five years, a property firm has estimated. Savills calculated a net gain of 3,127 more properties being worth at least £1 million last year, compared with 2023, taking the total number of homes valued at this level to around 702,580, a …

Surge in the number of homes in Britain valued at £1 million-plus
Trending News
3 weeks, 6 days ago

Surge in the number of homes in Britain valued at £1 million-plus

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Outside of London, the number of million-pound properties actually experienced a slight decline of …

One in every 42 homes in Britain ‘is now valued at £1 million-plus’
3 weeks, 6 days ago

One in every 42 homes in Britain ‘is now valued at £1 million-plus’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Savills calculated …

How can the average home lose £22,000 but house prices officially rise 4.6%? We explain what's going on
1 month ago

How can the average home lose £22,000 but house prices officially rise 4.6%? We explain what's going on

Daily Mail  

The average house price in the UK has plummeted £22,000 in a month, according to the latest figures from the Office for National Statistics. Mysteriously, the same ONS house price report said that house prices are up 4.6 per cent annually. Don't panic: house price fell £22,000 this month, according to official figures - but ONS says this is a …

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump
1 month ago

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. With inflation …

There’s no such thing as an ‘affordable’ home any more
1 month, 2 weeks ago

There’s no such thing as an ‘affordable’ home any more

The Independent  

Sometime this year, Halifax’s House Price Index will put the average cost of a British home at more than £300,000. At the same time as its latest decision to cut rates by a quarter point to 4.5 per cent, the Bank also slashed its GDP growth forecast to a dismal 0.75 per cent. But working in their favour is that …

Mapped: Most expensive region for house prices revealed as January saw new record high
1 month, 2 weeks ago

Mapped: Most expensive region for house prices revealed as January saw new record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average property price in January was £299,138, and on an annual basis, prices …

UK house prices jump to new record high in January
1 month, 2 weeks ago

UK house prices jump to new record high in January

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK house prices reached a new record average high in …

House price growth softened at start of 2025, says Nationwide Building Society
1 month, 3 weeks ago

House price growth softened at start of 2025, says Nationwide Building Society

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Robert Gardner, …

Housing market has strongest start in three years — see how your area fared
1 month, 3 weeks ago

Housing market has strongest start in three years — see how your area fared

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK housing market has seen its strongest start in …

Where will house prices rise the most in 2025?
1 month, 3 weeks ago

Where will house prices rise the most in 2025?

The Independent  

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Where are the most and least affordable areas to buy a house?
1 month, 3 weeks ago

Where are the most and least affordable areas to buy a house?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Harvey said: “A prospective buyer earning the average UK income and buying a …

Revealed: Britain's 2025 house price hotspot map - and what Labour could do to the value of YOUR home
2 months ago

Revealed: Britain's 2025 house price hotspot map - and what Labour could do to the value of YOUR home

Daily Mail  

This was supposed to be the year that the property market finally got its mojo back. Low expectations: Property experts overall are going into the year expecting a smidge of house price growth Money Mail has spoken to agents up and down the country – as well as the UK’s top property data crunchers – to find out what is …

Sales of new homes up 69%; Demand for housing will continue to rise
2 months, 1 week ago

Sales of new homes up 69%; Demand for housing will continue to rise

NL Times  

Statistics Netherlands reported that the number of newly-built homes sold in the Netherlands rose by over 69 percent in the third quarter of last year compared to the same period a year earlier. Experts at ING predict that the demand for owner-occupied homes in the Netherlands will likely increase further this year, resulting in even higher home prices. The number …

Top 10 house price hot spots where value is increasing the most
2 months, 1 week ago

Top 10 house price hot spots where value is increasing the most

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Whilst 2024 saw a broad recovery of house prices, around a third of homes …

Average house seller in 2024 ‘made £91,820 more than they originally paid’
2 months, 1 week ago

Average house seller in 2024 ‘made £91,820 more than they originally paid’

The Independent  

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Home buyers face a tough year unless Angela Rayner can work some magic
2 months, 1 week ago

Home buyers face a tough year unless Angela Rayner can work some magic

The Independent  

Could Angela Rayner be the government’s saviour? According to building society Nationwide, 2024 ended with average price growth of 4.7 per cent, with the typical British home going for £269,425. To buy Nationwide’s average home with a 90 per cent mortgage requires a deposit of roughly £27,000. Average rents outside of London hit £1,339 per calendar month; 4.5 per cent …

New Zealand House Prices Tipped to Show Modest Gains in 2025
2 months, 2 weeks ago

New Zealand House Prices Tipped to Show Modest Gains in 2025

Live Mint  

-- New Zealand house prices may show a modest recovery this year after failing to respond to falling interest rates in the final months of 2024, according to CoreLogic New Zealand. “We suspect that 2025 could prove to be a year of conflicting forces for New Zealand’s housing market with the net result being a relatively subdued upturn in sales …

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says
2 months, 2 weeks ago

Stamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Looming changes to stamp duty will give first-time buyers “greater …

Real estate 2025 outlook: Here’s what you should know about property prices if you are planning to buy a house this year
2 months, 2 weeks ago

Real estate 2025 outlook: Here’s what you should know about property prices if you are planning to buy a house this year

Hindustan Times  

If you are planning to invest gains made in the stock market into real estate or intend to buy property for end-use in 2025, your expectations in terms of property appreciation should be realistic. According to real estate experts, the housing market is likely to record a moderate single-digit price increase in 2025 compared to the double-digit growth of 21% …

UK house prices ended 2024 on a strong footing, says Nationwide Building Society
2 months, 3 weeks ago

UK house prices ended 2024 on a strong footing, says Nationwide Building Society

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Robert Gardner, …

Stoke leads house prices higher while London languishes – report
2 months, 3 weeks ago

Stoke leads house prices higher while London languishes – report

The Independent  

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Homeowners have no incentive to sell. Here’s why
2 months, 3 weeks ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this …

Will house prices go up in 2025? Six property experts give their verdict
2 months, 3 weeks ago

Will house prices go up in 2025? Six property experts give their verdict

Daily Mail  

They also reveal their property hotspots - and not-spots - for next year House prices are not just a popular conservation topic, but a British obsession. Paula Higgins, chief executive of HomeOwners Alliance Last year's prediction: +2% Prediction for 2025: +4% I am predicting house prices to continue a steady climb through 2025 increasing by 4 per cent across the …

Home buyers becoming more ‘price sensitive’, says property website
3 months ago

Home buyers becoming more ‘price sensitive’, says property website

The Independent  

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Mapped: How much rents have gone up in your region as prices hit record high
3 months ago

Mapped: How much rents have gone up in your region as prices hit record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Annual growth in UK house prices and rents has accelerated, …

Housing rents to rise between 4.1% and 7.7% next year
3 months ago

Housing rents to rise between 4.1% and 7.7% next year

Dutch News  

Tenants will be hit by hefty rent rises next year, with people living in “affordable” housing facing the biggest increase, according to new government figures. People living in rent-controlled property with a rent of between €900 and €1184 this year will face an increase of 7.7% next year, while social housing will become up to 5% more expensive. Housing which …

£6,395 drop in average price tag on a home in December
3 months, 1 week ago

£6,395 drop in average price tag on a home in December

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are …

House price growth gaining momentum, surveyors report
3 months, 1 week ago

House price growth gaining momentum, surveyors report

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House price growth has been gaining momentum but mortgage rates …

English house prices have increased TWICE as fast as income since 2000 with average home in London 'unaffordable' for even Britain's highest earners, damning ONS report reveals
3 months, 1 week ago

English house prices have increased TWICE as fast as income since 2000 with average home in London 'unaffordable' for even Britain's highest earners, damning ONS report reveals

Daily Mail  

House prices in England have increased twice as fast as income since 2000 with the average home in London 'unaffordable' for even Britain's highest earners. It lays bare the housing crisis gripping the nation as premier Sir Keir Starmer vowed to bulldoze the objections of local people to get hundreds of thousands of new homes built across Britain. House prices …

Homes in England cost 18.2 times incomes of lowest 10% of households on average
3 months, 1 week ago

Homes in England cost 18.2 times incomes of lowest 10% of households on average

The Independent  

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Average UK house price reached new record high of £298,083 in November – Halifax
3 months, 2 weeks ago

Average UK house price reached new record high of £298,083 in November – Halifax

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This should …

What’s really behind the surprise surge in house prices?
3 months, 2 weeks ago

What’s really behind the surprise surge in house prices?

The Independent  

Sorry to make a soggy start to the week even more miserable, but it brings bad news for homebuyers. Nationwide recently trumpeted itself as the “first major lender to offer first-time buyers ability to borrow six times income, up to 95 per cent loan-to-value”. “The acceleration in house price growth is surprising, since affordability remains stretched by historic standards, with …

Surprise jump in house prices with fastest rise in two years - as experts warn they will continue to increase
3 months, 3 weeks ago

Surprise jump in house prices with fastest rise in two years - as experts warn they will continue to increase

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House prices made a surprise jump in November, with experts …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
3 months, 3 weeks ago

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey

Deccan Chronicle  

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found.While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers due to soaring consumer inflation, the …

India home prices to rise 6.5% in 2025, driven by demand from wealthy: Reuters poll
3 months, 3 weeks ago

India home prices to rise 6.5% in 2025, driven by demand from wealthy: Reuters poll

Live Mint  

By Rahul Trivedi and Vivek Mishra BENGALURU - Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found. After rising 4.3% last year, home prices in India - broadly referring …

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows
3 months, 3 weeks ago

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows

ABC  

National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. New CoreLogic data shows house prices increased 0.1 per cent nationally in the last month of spring — the weakest Australia-wide result since January 2023. Brett D'Souza says he "made mistakes" when he tried to sell his home without …

Looming stamp duty changes ‘could hold back house price growth in 2025’
4 months ago

Looming stamp duty changes ‘could hold back house price growth in 2025’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stamp duty changes next year …

Annual house price growth accelerated in September – ONS
4 months ago

Annual house price growth accelerated in September – ONS

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. That will pour more cold water on the prospects …

Average house price falls by thousands in November
4 months ago

Average house price falls by thousands in November

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The usual drop seen at this time of year is 0.8 per cent and …

Average price tag on a home falls by more than £5,000 in November
4 months ago

Average price tag on a home falls by more than £5,000 in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tim Bannister Rightmove’s director of property science said: “The …

Average house prices in UK reached record high in October
4 months, 2 weeks ago

Average house prices in UK reached record high in October

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In the fourth monthly increase in a row, house prices increased by 0.2 per …

How much house prices are predicted to go up by across the UK
Trending News
4 months, 2 weeks ago

How much house prices are predicted to go up by across the UK

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here are Savills’ predictions for house price increases over the …

House price growth slows in October after September high
4 months, 3 weeks ago

House price growth slows in October after September high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House price growth slowed in …

‘Buyers’ market’ as property asking prices rise more slowly than usual
5 months ago

‘Buyers’ market’ as property asking prices rise more slowly than usual

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tim Bannister, Rightmove’s director of property science said: “This …

UK homeowners ‘sitting on £80,000 in property value gains on average’
5 months ago

UK homeowners ‘sitting on £80,000 in property value gains on average’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Homeowners who have purchased their …

Annual house price growth accelerated in August ‘showing market holding strong’
5 months, 1 week ago

Annual house price growth accelerated in August ‘showing market holding strong’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We saw activity pick up after the first base …

Average rent across the UK reaches record high
5 months, 1 week ago

Average rent across the UK reaches record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. As well as a higher proportion of asking rent reductions, Rightmove also said there …

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