Britain’s housing market unlikely to recover until 2028, says Savills
Savills forecasts Britain's sluggish housing market will not recover until 2028, with prices drifting lower through 2026, falling 1.5% in 2027, then rising 15.8% — about £56,500 on average — over the five years to 2031. Emily Williams of Savills says the Middle East conflict is keeping mortgage rates high, while Nationwide reports annual house price growth of just 0.5% in October, to an average of £273,566, and UK inflation rose to 3.5% in September.
