A new house price forecast by peer-to-peer real estate investment platform, easyMoney, suggests average house price growth of 6.3% by the end of 2025.

By analysing historic government house price data, and similar information from the Nationwide, easyMoney has predicted potential price growth.

It estimates a 3.6% increase in average house prices by this time next year, reaching £292,838. By December 2025, prices are expected to grow by 6.3%, with the average house price at £300,559.

Recent months have seen a decline in house prices, with the average home selling for £285,862 in August 2023, dropping to £280,673 by February 2024.

Various industry experts including Lloyds, Rightmove, and Zoopla, have predicted price drops between 1% and 4% by the end of 2024. However, rivals forecasts from Savills suggests a 2.5% growth in prices.

Jason Ferrando, CEO of easyMoney, says: “The recent doom and gloom around the UK housing market has not been unjustified, but it could be argued that lots of industry voices have been far too quick to paint negative pictures while the economic outlook has been one of uncertainty. Time and time again, UK property has proven itself to be resilient in the face of external pressures, and while prices may dip for a while, they rarely ever crash and always bounce back quickly. 

“This is what makes property such a sound and sensible investment and a significant step away from other, more volatile assets that are far more volatile in the face of perceived socio-economic pressures.”