Property values are expected to have increased by just over a fifth (21.6) on average by the end of 2028, Savills said.
A house price growth forecast by property firm Savills has been revised upwards, based on an improved economic outlook Across Britain, property values are expected to have increased by just over a fifth on average by the end of 2028, revised from a previous forecast of 17.9%, Savills said.
Savills cautioned that the market remains sensitive to short-term fluctuations in the cost of debt and political uncertainty in the run-up to the general election. “The outlook for economic growth has also slightly improved, pointing to relatively modest house price growth this year, with greater potential over the following few years.”
He added: “Consequently, we are unlikely to see a further meaningful fall in mortgage rates this year, with the potential for short-term fluctuations in the cost of debt and house prices.”
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