UK house prices to rise 20% in the next five years, predicts JLL
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 JLL's research team.
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Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.
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National estate agency Strutts is forecasting price growth of between 20% and 35% by 2025 across the UK, and somewhere between 15% and 35% over five years in Prime Central London.
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