Property News · November 5, 2015

UK house prices to remain subdued over next five years, says Savills


Biggest increases are forecast for south-east and east of England, but rest of the country will only see modest price growth House prices in the south-east and east of England will jump by more than a fifth over the next five years, as growth ripples out of London into the capital’s hinterland, but will remain subdued in much of the rest of the UK, according to estate agency Savills. Savills predicts that the average UK house price will rise by 5% next year, but then slip back to 2.5%-3% a year until 2020, as tighter mortgage criteria and rising interest rates hold back home buyers. Its figures suggest that the average UK home will go up in price from £205,000 today to around £240,000 in 2020. Continue reading…

Source : theguardian.com
Read more…UK house prices to remain subdued over next five years, says Savills

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