Savills Update Residential Market Forecast Update: North West to Lead the Way With 31.2% Projected Growth
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Highest Five-Year Growth Expected For the North West
The latest Savills update on the UK housing market has brought new insights for investors and homebuyers, and it’s official – the North West remains the best UK region for predicted capital growth.
Let’s take a look at some of the key updates from the latest Savills Residential Market Forecast in more detail, and why investors should take note.
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UK Market Outlook: Resilience Through Headwinds
One key change in the latest Savills report is a revision of the national growth forecast for 2025, falling from 4% to a more modest 1%.
The change reflects ongoing economic and geopolitical uncertainty, persistent inflationary pressures, and subdued wage growth.
Yet, despite these challenges, Savills has upgraded its five-year national house price prediction to 24.5% by 2029 from a previous 23.4% prediction, a testament to the market’s long-term strength.
With the Bank of England having recently lowered interest rates, and with further cuts anticipated before the end of the year, the future of the property market looks positive.
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North West – UK’s Top Performing Region
One key change in the latest Savills report is a revision of the national growth forecast for 2025, falling from 4% to a more modest 1%.
The change reflects ongoing economic and geopolitical uncertainty, persistent inflationary pressures, and subdued wage growth.
Yet, despite these challenges, Savills has upgraded its five-year national house price prediction to 24.5% by 2029 from a previous 23.4% prediction, a testament to the market’s long-term strength.
With the Bank of England having recently lowered interest rates, and with further cuts anticipated before the end of the year, the future of the property market looks positive.
Amid these national adjustments, the North West has kept its long-standing position as the clear front-runner for regional capital growth.
Savills’ latest updates reveal that North West property prices are expected to see an increase of 31.2% by 2029, which is 6.1% higher than the previous prediction.
The Savills report identifies the region’s buy-to-let sector as the top performer, forecast to deliver 2.5% average growth over the rest of the year, second to Wales with a rate of 3%.
What’s Driving the North West’s Momentum?
There are a number of possible reasons why the North West continues to lead the way in average property price growth.
One key factor is affordability and demand in the region, which is driving average rental returns. North West properties remain significantly more affordable than their southern counterparts, despite ongoing annual growth. The Land Registry’s latest data puts average property prices in Manchester at £179,642, more than double that of London’s £565,637.
Due to the appeal of the North West, there’s a marked increase being seen in buyer and investor activity. Research from Hamptons found that within the first four months of 2025, almost four in ten buy-to-let properties purchased were located in either the North or the Midlands.
A large focus on regeneration throughout the North West has meant that investors are becoming aware of up-and-coming buy-to-let towns such as Warrington, and even hotspot neighbourhoods in large cities.
The Pumpfields District is a great example of a current regeneration focus in Liverpool with a promising future, with £2.5 billion worth of investment going into the area.
Want to Take Advantage of High Projected Capital Growth in the North West?
If you’re looking for an investment property in the North West in 2025, get in touch with our team today. We can provide you with information on our most lucrative property deals in key North West areas, and help you find an opportunity that fits your goals and requirements.
Click the link below to enquire.
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