‘British house prices will flatline this year’ – Reuters
The latest Reuters poll of property market pundits predicts 0% growth for average London and UK property prices in 2021.
What to read next
Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
Only one in five people expect UK house prices to fall next year
A recent survey has also found that British buyers are more likely to put forward a lower offer than asking price compared to their European counterparts.
‘After defying gravity for much of the pandemic, house prices appear to be finally set for their return to earth’ – Knight Frank
“It feels like we are at a crossroads,” says KF's James Cleland, as the number of new sales instruction picks up.
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