UK house prices expected to rise by 2.5% in 2025 despite budget constraints

House prices across the UK are higher than they were a year ago in every region and are forecasted to continue rising in 2025, despite potential dampening effects from recent budget changes.

Zoopla anticipates a 2.5 percent increase in house prices over the course of 2025, aligning with predictions from other industry analysts.

Richard Donnell, executive director at Zoopla, commented that 'income growth has been stronger than we expected' this year. Coupled with a retreat in mortgage rates, this has improved affordability for prospective buyers.

Zoopla estimates that about half of people moving today pay stamp duty, but this figure is set to rise to over 80 percent in the spring.

Read at Business Matters