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House prices across the UK are set to increase by an estimated £80,000 by 2029, driven by home movers despite waning demand from buy-to-let investors and first-time buyers. Savills’ recent analysis projects a 23.4% property value growth, with prices reaching £442,000, up from today’s average of £358,000.
This anticipated rise signals a shift towards regional hotspots, where affordability and availability are more favourable for buyers.
The North West leads the property boom, with an exceptional 29.4% projected growth. Strong performers include:
London trails behind at 17.1%, marking Britain’s lowest regional growth forecast.
Several key factors are reshaping the market of UK house price prediction
Labour’s recent policy shifts have transformed the landscape:
Lucian Cook, Savills’ head of residential research, notes: “A steady improvement in affordability should boost house price growth momentum.” However, he warns of potential market sensitivity to debt costs and property taxation changes.
The Bank of England’s rate cut from 5.25% to 5% signals positive change. Markets anticipate further cuts, potentially reaching 4.75% soon. This trend suggests improved mortgage affordability for homebuyers.
London and South East buyers face unique challenges:
Despite challenges, London’s market has performed “better than expected,” with increased competition in commuter areas.
Future Market Outlook
Key trends to watch:
Source: savills
| Region | 2025 | 2026 | 2027 | 2028 | 2029 | 5-Year Growth (%) |
|---|---|---|---|---|---|---|
| North West | 5.0% | 7.0% | 6.5% | 4.5% | 3.5% | 29.4% |
| North East | 5.0% | 6.5% | 6.0% | 4.5% | 3.5% | 28.2% |
| Yorkshire and The Humber | 5.0% | 6.5% | 6.0% | 4.5% | 3.5% | 28.2% |
| West Midlands | 4.5% | 6.0% | 6.0% | 4.5% | 3.0% | 26.4% |
| Scotland | 5.0% | 6.0% | 5.5% | 4.0% | 3.0% | 25.8% |
| Wales | 3.5% | 5.5% | 6.0% | 4.5% | 3.5% | 25.2% |
| East Midlands | 4.0% | 5.5% | 5.5% | 4.5% | 3.0% | 24.6% |
| UK (Overall) | 4.0% | 5.5% | 5.0% | 4.0% | 3.0% | 23.4% |
| South West | 2.5% | 5.5% | 5.0% | 4.0% | 3.0% | 21.6% |
| East of England | 2.5% | 5.0% | 4.5% | 3.5% | 3.0% | 19.9% |
| South East | 3.0% | 4.0% | 3.5% | 3.5% | 2.5% | 17.6% |
| London | 3.0% | 4.0% | 3.5% | 3.0% | 2.5% | 17.1% |
Access our portfolio of over £350M worth of pre-sourced, off-market investment properties, and we’ll show you how to generate £5k+ a month.
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