Frances McDonald: What's in store for prime property prices?
Rising mortgage rates and economic uncertainty are expected to put downward pressure on house prices and transactions over the next 12 months or so, but Savills is forecasting prices will increase over the five-year period to the end of 2027. The agency's Frances McDonald explains the thinking...
Frances McDonald works within the internal agency side of the research team, providing market insight to residential agents. As part of this, she is responsible for the coordination of both the prime London and prime regional indices. Her work also includes analysis and development of stories for the national press which has led to frequent quotes. Frances also helps to write reports for both the public and the wider business.
PCL property prices to climb 13.5% over the next five years, predicts Savills, as prime markets out-perform
Savills has updated its five-year property market forecasts, predicting price drops in all regions and sectors in 2023.
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