Thank you to Mortgage Introducer for another interview to round up 2024, this time for another great article ‘What will happen to the UK housing market in 2025’As we head on into 2025, for brokers, buyers and sellers it’s been a chaotic 12 months. Inflation exceeded expectations, rates have risen and first time-buyers continue to struggle to make it on to the property ladder.
However, a rise of 1.2% in UK house prices month on month this November could be a sign of better things to come in the New Year.
Total mortgage lending is projected to reach £207 billion by 2025, with homeowner house purchases comprising the largest segment at £123 billion, according to Statista, encased in 1.2 million property sales – signifying a marked uptick in interest.
In that vein, Mortgage Introducer sat down with top UK mortgage brokers to pick their brains over what the next few months will bring.
Michelle Niziol (pictured top, right), from Michelle Niziol Bespoke Property Investment said:
One major trend I anticipate is the widespread adoption of technologies such as AI and blockchain, which will streamline transactions, enhance customer experiences, and improve transparency.
Additionally, virtual and augmented reality tools will play an increasingly significant role in property viewings, allowing clients to explore options remotely with greater ease.
Sustainability will continue to be a key focus. More buyers are likely to prioritise energy-efficient homes and sustainable building practices. Governments and developers are expected to push further toward net-zero initiatives, driving innovations in materials and design. However, challenges will persist, including navigating fluctuating interest rates and economic uncertainty.
Affordability will remain a critical issue, particularly in urban areas where demand far exceeds supply. It will be essential for industry leaders to devise creative solutions that balance profitability with affordability to meet the needs of first-time buyers and diverse demographics.
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