7 housing market predictions and homebuilding trends for 2024

Housing market predictions could affect villages across the UK
Housing market predictions for 2024 include further downward pressure on house prices and increasing building materials costs (Image credit: Getty Images)

As we approach 2024 we take a look at the biggest changes and trends that are set to hit the UK housing market.

Whilst building materials prices and house prices are predicted to continue on their 2023 trajectories, 2024 could bring some welcome surprises, particularly to those looking to self build with a number of planning regulation changes set to be introduced as well as growing trends for eco-friendly products in homes.

Kim Kinnaird headshot
Kim Kinnaird

Kim Kinnaird holds the position of Banking and Trade Delivery Director within the Commercial Bank at Lloyd Banking Group. In her role she oversees the service teams responsible for managing the daily banking requirements of Commercial Banking clients, with a primary focus on cash management, payments, and comprehensive servicing of trade products for Lloyd's business clients.

Tim Bannister headshot
Tim Bannister

Tim Bannister joined Rightmove in 2010, initially working in our lettings division before transitioning his focus to insights. As the current Director of Property Science, Tim leverages data, technology, and analytics to create distinctive insights that inform and guide property-related decision-making processes.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.

With contributions from