House price rises to ease in coming years

Research by Hamptons suggests house price growth will slow over the next four years but average prices will still be 13.5% higher by the end of 2024. Aneisha Beveridge, head of research, believes a second wave of lockdown-fuelled demand will keep price growth above pre-pandemic levels over the next two years but by 2024 the average growth rate will dip to 2.5%. Hamptons believes a new “house price cycle” will start after that, saying that while historically, “the beginning of a new cycle has been synonymous with a sharp price correction”, in this instance “we’re more likely to see a continuation of modest price growth... rather than a boom followed by a bust.” The report also suggest UK house prices will be 4.5% higher at the end of 2021 than at the start of the year, with a rise of 3.5% forecast for 2022. However, it notes that this figure will mask widespread regional variations, with London set to underperform compared to the rest of the country and the market more buoyant in the north. 

The Times   Daily Mail   Evening Standard   The Sun