Business · 2 hours ago
Savills Says UK House Prices Will Fall 1.5% in 2027
Savills expects average UK house prices to slip further this year and drop by 1.5% in 2027, with a proper recovery delayed until 2028. The estate agent blamed the drawn-out Middle East conflict for keeping mortgage rates high and denting buyer confidence. However, it still predicts that values will climb 15.8%, about £56,500, over the five years to 2031, with first-time buyers leading the way.
Reported by The Guardian · How we write briefs