Industry leader, Knight Frank have released new predictions for house price growth in the UK, following the announcement of the general election. They have predicated 4.5% annually on average over the next five years. That comprises two years at 3%, two at 4% then one at 4.5% with the five-year cumulative being 20.5%.

For rentals, they have predicted an almost identical rise over five years, 20.4%, however that starts off at 6% this year, tapering down to 2.5% in 2028.

Note that whilst these predictions are based on the company's expertise in the market, they are just that; plus these are UK-wide figures and not Northern Ireland on its own. 

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