The property market in 2024 saw challenges with high mortgage rates but ended on a high note with house price growth at a two-year high. Despite uncertainty for 2025 due to upcoming tax changes, including stamp duty thresholds, analysts predict increased demand before the changes take effect but a potential lull afterwards. Forecasts suggest a gradual strengthening of the housing market in 2025, with predictions of modest house price growth ranging from 2-4%, although prime markets may be impacted negatively by additional taxes and regulations.
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