{"id":3854,"date":"2024-11-25T17:59:14","date_gmt":"2024-11-25T16:59:14","guid":{"rendered":"https:\/\/pfadvisors.co.uk\/?p=3854"},"modified":"2024-11-25T17:59:14","modified_gmt":"2024-11-25T16:59:14","slug":"is-a-housing-market-revival-on-the-cards","status":"publish","type":"post","link":"https:\/\/pfadvisors.co.uk\/en\/is-a-housing-market-revival-on-the-cards\/","title":{"rendered":"Is a Housing Market revival on the cards?"},"content":{"rendered":"<p>The summer housing market was positive, helped by confidence after the General Election and a reduction in Bank Rate, but what does the future have in store?<\/p>\n<p><strong>The outlook for buyers<\/strong> Rightmove\u2019s Property Expert, Tim Bannister, observed, \u201cThe conditions are there for a more active autumn market.\u201d Rightmove predicts that, by the end of 2024, house prices will be 1% higher than they were the previous year. [1] Meanwhile, Zoopla expects mortgage rates to stay around 4% to 4.5% for the rest of 2024. It is thought that wages will rise while house prices remain consistent, improving buyer affordability.<\/p>\n<p><strong>Rental inflation slowing<\/strong> Rents are now rising at their slowest rate since 2021. [2] Predictions suggest a 3 to 4% increase overall in 2024, compared to annual increases of 8% in 2023 and 11% in 2022.<\/p>\n<p><strong>2025 and beyond<\/strong> Looking ahead, experts predict the market to continue a slow but steady recovery. Zoopla\u2019s Executive Director of Research, Richard Donnell, commented, \u201cEconomists currently expect base rates to fall to 3.5% by the end of 2025, which would imply mortgage rates remaining in and around the 4%+ range.<\/p>\n<p>[1] Rightmove, 2024<\/p>\n<p>[2] Zoopla, 2024<\/p>\n<p>&nbsp;<\/p>\n<p>\ud83d\udea8 Data accurate as of the date of publication \u2013 25.11.2024<\/p>\n<p>\ud83d\udea8Think carefully before securing debts against your home.\u00a0 Your home may be repossessed if you do not keep up repayments on your mortgage.<\/p>\n<p>\ud83d\udea8 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: Quilter Financial Planning \u2013 Essentially Mortgages Q4 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The summer housing market was positive, helped by confidence after the General Election and a reduction in Bank Rate, but what does the future have in store? The outlook for buyers Rightmove\u2019s Property Expert, Tim Bannister, observed, \u201cThe conditions are there for a more active autumn market.\u201d Rightmove predicts that, by the end of 2024, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3818,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is a Housing Market revival on the cards? - Prestige Financial Advisers<\/title>\n<meta name=\"description\" content=\"The summer housing market was positive, helped by confidence after the General Election and a reduction in Bank Rate, but what does the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pfadvisors.co.uk\/en\/is-a-housing-market-revival-on-the-cards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is a Housing Market revival on the cards? 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