As summer winds down and autumn approaches, it feels like the right moment to pause and look ahead at what’s in store for the property market – particularly here in Lancaster and Morecambe.
The summer has been very positive. We’ve seen good levels of buyer activity, steady interest from investors, and many sellers achieving sensible results. This gives us a strong foundation as we move into the autumn market, which is often one of the busiest times of the year.
So what’s the outlook?
Consensus forecasts suggest house prices across the UK will end 2025 with growth of 2.7%. That’s slightly lower than the 3.3% predicted at the end of last year, but in the current climate, modest and steady growth is actually reassuring. Geopolitical uncertainty, a rise in supply, and a softer economic backdrop are all playing their part – but the housing market is holding firm.
Looking further ahead, the picture is brighter. Growth is forecast to strengthen to 4.0% in 2026, with cumulative gains of 22.4% by 2029. For areas like Lancaster and Morecambe, which continue to attract attention thanks to regeneration projects, strong communities, and improving amenities, this is encouraging news. Steadier, sustainable growth is often healthier than sudden spikes.
What about rentals?
After two years of unusually strong gains, rental growth is beginning to level off. Forecasts suggest it will finish 2025 at 3.7%, before easing to an average of 3.3% per year between 2026 and 2029. However, the rental market locally is still very active. In Lancaster, demand for homes close to the city centre and near good schools remains particularly high. In Morecambe, well-presented properties near the seafront, transport links and the Bay Gateway continue to attract keen interest. Prices may have steadied, but demand has not disappeared.
What does this mean for you?
For buyers, it means confidence – steady growth points to a resilient market. For sellers, it’s reassurance that with the right pricing and presentation, there are motivated buyers out there. And for landlords, while rental growth is slowing nationally, locally there’s no shortage of tenants looking for quality homes in the right locations.
In short, the outlook for Lancaster and Morecambe is steady and positive. The summer has set us up well, and autumn looks ready to carry that momentum forward!
If you would like to discuss the current state of the local property market, please don’t hesitate to get in touch. At JDG we are always here to help! My name is Michelle Gallagher. You can call me on 01524 843322 or email me at michelle@jdg.co.uk
Thanks for reading
Michelle
