This house price forecast is based on historical market trends from January 2014 onwards. The easyMoney predictions also state that they anticipate the average house price to increase by 3.6% by this time next year, hitting an average of £292,838.
If house price growth follows easyMoney’s predicted trajectory of an increase of 6.3% by December 2025, UK house prices will sit at £300,559 on average.
Jason Ferrando, CEO of easyMoney, said: “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.”
Learn More: Read our buy-to-let Liverpool guide to learn more about long-term property investment in Merseyside.