Forecast house price growth in the UK 2024-2028

Just as in many other countries, the housing market in the UK grew substantially during the coronavirus pandemic, fueled by robust demand and low borrowing costs. Nevertheless, high inflation and the increase in mortgage rates has led to house price growth slowing down. According to the forecast, 2024 is expected to see house prices decrease by three percent. Between 2024 and 2028, the average house price growth is projected at 2.7 percent. A contraction after a period of continuous growthIn June 2022, the UK's house price index exceeded 150 index points, meaning that since 2015 which was the base year for the index, house prices had increased by 50 percent. In just two years, between 2020 and 2022, the index surged by 30 index points. As the market stood in December 2023, the average price for a home stood at approximately 284,691 British pounds. Rents are expected to continue to growAccording to another forecast, the prime residential market is also expected to see rental prices grow in the next years. Growth is forecast to be stronger in 2024 and slow down in the period between 2025 and 2028. The rental market in London is expected to follow a similar trend, with Central London slightly outperforming Greater London.

如同许多其他国家，英国房地产市场在冠状病毒大流行期间也经历了显著增长，这一增长得益于强劲的需求和低廉的借贷成本。然而，高通胀以及抵押贷款利率的上升导致房价增长放缓。根据预测，2024年房价预计将下降3%。在2024年至2028年期间，平均房价增长预计将达到2.7%。在持续增长后的一段时期内出现收缩。2022年6月，英国房价指数超过了150点，这意味着自2015年（该指数的基年）以来，房价已上涨了50%。仅在两年间，即2020年至2022年，该指数上涨了30点。截至2023年12月，房屋的平均价格为约284,691英镑。租金预计将继续增长。根据另一项预测，高端住宅市场在未来几年内也预计将看到租金上涨。预计2024年的增长将更为强劲，而2025年至2028年期间的增长将放缓。伦敦的租赁市场预计将遵循相似趋势，其中中心伦敦的表现将略好于大伦敦。