Weekly Property News Round Up – 21.12.24

Welcome to this week’s edition of Property News Weekly, where we bring you the latest updates shaping the property landscape.

This week’s property news highlights key shifts in the market. Rent prices in England have surged to record highs, climbing 9.3% over the past year and adding an average of £116 to monthly costs.

Looking ahead to 2025, UK house prices are expected to grow by up to 3%, driven by limited supply and slow new builds. Meanwhile, the North West is set for gradual progress, with a stabilizing economy and increased funding poised to reshape the region’s property landscape. Stay tuned for the full story behind these market updates.

If you would like to speak to our experts for some industry insight on these important questions and discover the strategic opportunities this evolving market has to offer, reply to this article today.

Now, let’s have a look at the latest headlines that have caught our eye this week…

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Property News this Week:

Rent Prices Reach Record High in England:

English rent prices have reached another record high, growing by close to 10% in the past year, official figures show. The typical private rental price in England rose 9.3% in the year up to November, costing £116 more than 12 months earlier, according to the Office for National Statistics (ONS).

UK House Prices To Grow By Up To 3% in 2025

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.

Here’s What the North West Property Market Will Look Like in 2025

A more stable economy and increased local powers and funding will improve the property landscape, however shifting the dial on development and investment will be a slow process as the region fights to overcome hurdles.

That concludes this week’s updates. If you have any thoughts or questions about these headlines, feel free to reply—I’d love to chat with you about the latest market trends and discuss your investment goals.

As the festive season begins, we’re taking a short break over Christmas but will return in the New Year with all the latest property updates.

Wishing you a joyful and relaxing holiday season!

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Get in touch with our friendly team today to discuss your situation and start laying out a plan to secure maximum return on investment. Feel free to contact us using the form below.

Looking for more property investment advice?

Get in touch with our friendly team today to discuss your situation and start laying out a plan to secure maximum return on investment. Feel free to contact us using the form below.

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