Uk House Price Forecast 2024. In its latest meeting, the bank of england again voted to cut the base rate from 5.25% to 5%. Average house prices in the uk increased by 2.2% (provisional estimate) in the 12 months to may 2024, up from an increase of 1.3% (revised estimate) in the 12.

Interest rates have begun to fall, which could drive house prices up. House prices are predicted to drop by 3% in 2024, but recover with growth of 3.5% in 2025.