London prices expected to soar in 2025

London's housing market is expected to see an increase in 2025, despite years of muted price growth. Since 2019, house prices in the capital have risen by 12%, compared to 21% for the UK as a whole. Analysts expect 1.15m sales next year, 5% up on 2024, which will encourage sellers to increase asking prices. Mortgage lenders are also expected to be busy in 2025, as homeowners who took out a five-year fixed-rate mortgage during 2020's "race for space" remortgage are expected to be busy.

The Times (11/12/2024)