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The average British house price is set to surge by 2029
UNITED KINGDOM, JUL 24 – Savills predicts a 24.5% rise in UK house prices by 2029 due to relaxed mortgage affordability tests despite a cautious market and only 1% growth expected in 2025.
- On 2025-07-24, Savills forecast average British house prices will rise to £448,600 by 2029, up from £362,300 in mid-2025.
- Amid recent economic and geopolitical uncertainty, Savills said the downgraded forecast for 2025 is driven by market headwinds, impacting short-term growth prospects.
- Nationwide via Office for National Statistics indicates annual house price inflation slowed to 2.1% in the year to June, reflecting market caution.
- Rightmove noted that housing supply has surged to decade highs, with 1.04 million transactions projected by year-end, according to property portal data.
- Policy projections suggest transaction numbers will near post-GFC norms by 2027, with `Chancellor Rachel Reeves` planning a permanent ‘Freedom to Buy’ scheme for 95% mortgages.
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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