Savills: Prime markets forecast to bottom out this year - except PCL

'Market conditions have notably shifted' in the last six months, say analysts, as top-end price forecasts are scaled back again.

'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.

'Needs-based' housing markets are likely to see prices rise faster than previously thought, but Knight Frank has cut its near-term forecast for Prime Central London 'due to the fact the political backdrop…