Savills cuts mainstream house price forecasts again
Average property values likely to increase by 22.2% over the next five years, say analysts, as regional price divides narrow.
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Savills upgrades UK house price forecasts, anticipating 2.5% growth this year
Lucian Cook's team now expects property values to rise in every region in 2024, with locations furthest from London holding the greatest 'capacity for growth' over the next five years.
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'A combination of high supply & faltering confidence means we now expect slower UK house price growth this year & in 2026,' says research chief Tom Bill - with prime markets set for sharp declines.
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