UK Residential Forecasts Q2 2024

UK house prices fell in 2023 and transaction levels dropped to a 12-year low, largely reflecting stretched mortgage affordability. However, the start of 2024 has shown signs of improving sentiment and affordability. We expect the improvement to build over the year.

In the rental market, values grew at a record pace last year, but momentum is slowing and affordability constraints will limit further rental growth.
 
Our latest report sets out our forecasts for house prices, transaction volumes, and rental values across the UK for the next five years.