Savills expects Britain’s housing recovery to start in 2028
Britain’s housing market may not begin to recover until the second half of 2028, as mortgage rates continue to reduce activity and put pressure on prices.
Savills expects house prices to fall.
The fall may be 1.5% in 2027.
Prices may rise by 15.8%.
This may happen by 2031.
The rise may be £56,500.
First-time buyers may lead recovery.
This may start in 2028.
Cheaper deposits may help them.
Government plans may also help.
Northern England may see strong growth.
Wales may also see strong growth.
Scotland may also see strong growth.
Homes may cost less there.
The economic outlook may help there.
Section: London