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Property Price Forecast: The Summer is Heating Up for Northampton.
- Jordan Smith
- May 29
- 3 min read
Property Price Increases - Are You Feeling the heat?
DataLoft's latest statistics have provided some spicy information, hot of the press, about how house growth is expected to change over the next few years.
In an ever-changing and turbulent time with the economy, fuelled by trade wars and increasing tariffs and the ebbs and flows of recovery and downfall to the energy crisis, you'll find all costs are going up. Utilities, resources, daily necessities, rent, house prices, etc. If you can name something that costs money, then it's been affect by the geopolitical climate. For the property market, it's an ouroboros of rising and falling prices in rent and sales, which all feed into each other.
Steady Rents. Rising Sales
Though rentals are steadily stabilizing and tenants are finding their footing in longer lets, either through necessity or due to the Renters Rights Bill providing them with the opportunity for steadiness, you'll find that prices for properties on the sales market are still consistently increasing.
Recent reports from The Price Index of Private Rents (PIPR) show that an Average UK house prices increased by 6.4%, in the 12 months to March 2025 (provisional estimate), an annual growth rate up from 5.5% in the 12 months to February 2025.
DataLoft Reports:
A measured pace of house price growth is expected over the next few years, as bank rate cuts and falling mortgage rates are offset by high stock levels, a subdued economic backdrop and ongoing geopolitical risks. Growth of 1.6% is forecast by the end of 2025, rising to 2.0% in 2026.
Almost half (47%) of agents expect prices in the sales market to stay the same over the next 3 months, while 38% expect an increase.
Given high stock levels and strong competition among listings, sellers need to remain realistic and price correctly from the outset to attract buyers. Source: Dataloft by PriceHubble (Poll of subscribers), HM Treasury April 2025, Average of Independent Forecasts
Finding Balance is key.
Though prices increasing may appear to mean more money for sellers on the surface, other statistics show that the market for buyers is struggling. "RICS reported a net balance of -32% of survey participants seeing fewer new buyer enquiries, compared to -16% in February." (Source: www.mpamag.com).
Some Landlords may panic at the upcoming renters reform, or think its easier money to sell now, but that might not entirely be true. Unless priced competitively, you'll find the limited pool of buyers will be searching for ideal properties that best suit their needs elsewhere. If your desired sale price does not match current market values, you'll sooner find you alienate tenants and buyers alike. It's all about balance and confidence going down a specific path.
In saying that, Landlord do have valid concerns with the Renters Rights changes, as the knock-on effect of these new legislations are almost unpredictable. Finding stability in the rental market is likely the safest best - with service like Guaranteed Rent offering Landlords rental assurance doing these unpredictable times.
Summary
The key thing to takeaway from all of this is that we live in turbulent times, where everything is going to go up and the properties that can justify the increase will be the most successful. If you've got a great property and a solid price, this can be great news as a seller. Or if you're a buyer with the recourses available, consider moving forwards with a purchase sooner rather than later to take advantage of these increasing prices.
But if you're a Landlord or home owner not selling for a suitable price, without it being worth its cost, it might be best to take a step back, consider your options through market research and expert advice and see how the market settles.
Expert agents are always available to provide accurate valuations, allowing you to decide the best course of action now and in the future.
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