31 Dec EARLY PREDICTIONS FOR 2025

The prediction is that the residential market will continue to be active, despite some warning signals regarding the increasing overheads of small businesses, that are likely to come about following the Budget proposals.

Nationwide, the world’s biggest building society, reported an increase in prices of 3.7% overall in November and other reports suggest a 4% increase in 2025.

One third of Landlords are considering selling, at least part of their portfolios and although this is not good news for tenants, it will increase the supply and therefore opportunities, for first time buyers.

Housing is a basic necessity of life and is one of the few large investments that is of low risk. It rarely falls in true value. There are times when prices stabilise, but rarely go backwards. Also, a substantial part of the market does not have a mortgage, which enables down-sizing and relocations more feasible. Mortgage rates are still at manageable levels, particularly over larger fixed term periods and the reasons for moving will not change. These include relocation, new jobs, changing personal circumstances, down-sizing for retirement and up-sizing for growth of families.

There are therefore no good reasons for putting off plans for a move, as no dramatic changes in costs are foreseen.