House prices 2025

There was a lot of talk about house prices increasing in 2025 due to lower interest rates, with 4 rate cuts expected by the Bank of England and rates settling at 3.75%. This was the consensus around the summer.

After the US job report, it appears the US won't be cutting rates any time soon. Coupled with sticky inflation here, we are likely to get a maximum of 2 rate cuts in 2025.

Where does this leave house and rental prices? House prices stagnant whilst rental prices increase as more people continue to rent?

I'm likely to get a fantasyland pay increase of 1.5% this year. Lovely to tackle the housing market with this.