Whitewood Mortgages, Lytham St Annes news blog update.
House prices are expected to stay on a positive trajectory over the course of 2025*.
House prices returned to growth in 2024, with prices increasing by 1.5% in the 12 months to October – an improvement on -1.2% the year before. The average UK house price is £267,000 and is expected to rise by 2.5% in 2025. Meanwhile, sales agreed are expected to increase by 5% to 1.15 million.
Promisingly, all regions and countries in the UK recorded positive annual house price growth in 2024, with Northern Ireland (6.3%) and North West England (2.9%) leading the way. In southern England, growth is still below 1% due to continuing affordability challenges.
Hoping to move home in 2025? Marc from Whitewood Mortgages is here to help.
Your home may be repossessed if you do not keep up repayments on your mortgage
*Zoopla, 2024
