House price growth to slow, but ‘risks of a correction have been overstated’ – Savills

House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.

Average house prices across the EU-27 have increased by 39% since 2016, while the UK has seen 31% growth.

"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…