‘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.
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.
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.
Property owners are becoming more bullish on house price growth this year
2021's property market is likely to be "less of a roller-coaster ride" than 2020, suggests Knight Frank, as the firm stands by its forecast of 0% growth for UK house prices in the year ahead.
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