Finance
UK house prices to grow by up to 3% in 2025, Halifax says
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
UK house prices could grow by up to 3% in 2025 due to limited supply and weak new home building, according to Halifax. Nationwide predicts a 2-4% rise.
LONDON (Reuters) - British house prices are set to grow by up to 3% next year as property remains in short supply across much of the country and new home building has been weak, mortgage lender Halifax predicted on Wednesday.
"The uneven availability of properties for sale across the country, relative to demand ... continues to underpin prices," Amanda Bryden, head of Halifax mortgages, said.
"Higher mortgage rates compared to a few years ago may have made some homeowners hesitant to sell, to avoid triggering an immediate increase in their monthly mortgage cost when they move," she added.
British Prime Minister Keir Starmer last week announced details of an overhaul of the planning system to speed up the construction of new homes and boost economic growth.
Rival mortgage lender Nationwide on Monday said it expected house prices to rise between 2% to 4% in 2025.
(Reporting by Suban Abdulla; editing by David Milliken and William Schomberg)
The article discusses the forecasted growth of UK house prices by up to 3% in 2025, as predicted by Halifax.
House prices are expected to rise due to limited property supply and weak new home building.
Nationwide predicts UK house prices will rise between 2% to 4% in 2025.
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