OBR upgrades house price forecast again

Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.

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.

Property price inflation "will be driven by mortgaged households who have seen high wage growth, housing equity growth over the past decade and can now also access historically low mortgage rates," says…