Light at the end of the tunnel? Savills expects UK house prices to rise 23% over the next five years

"We think that 2025 will mark the beginning of a new property market cycle, with London leading the way, outperforming all other regions for the first time since 2015," says Hamptons' Head of Research.

Lucian Cook's team now expects property values to rise in every region in 2024, with locations furthest from London holding the greatest 'capacity for growth' over the next five years.

Property firm issues an upbeat set of property price forecasts, anticipating 3.5% growth in London and 5% growth across the UK by the end of 2025.