From MoneyWeek · · 1m 10s
UK House Prices Drop 1.5% in 2027 Forecast
Savills predicts UK house prices fall 1.5% in 2027 due to high mortgage rates.
In brief
Savills predicts UK house prices fall 1.5% in 2027 due to high mortgage rates. Savills forecasts UK house prices to drop 1.5% in 2027 as higher mortgage rates squeeze buyer affordability. Originally reported by MoneyWeek.
Savills Forecast
Savills predicts uk house prices fall 1.5 percent in 2027 due to higher mortgage rates squeezing buyer affordability.
2027 Price Drop
The average uk property value will fall by five thousand five hundred pounds in 2027.
Previous Forecast
Savills previously forecasted a 2.5 percent increase in uk house prices for 2026.
Middle East Conflict Impact
Protracted middle east conflict has delayed mortgage rate relief, weighing on buyer sentiment.
Regional Variations
Yorkshire and the humber will see 0.5 percent price growth while north east and north west regions rise 1 percent.
London Price Drop
London house prices could fall by 3.5 percent in 2027 according to savills forecast.
Buyer Advice
Sellers with premium second properties in london should sell now or wait for price recovery.
Long-Term Outlook
House prices are expected to rise 3.5 percent in 2028 and 5 percent in 2029 and 2030.
At a glance
Savills forecasts UK house prices to drop 1.5% in 2027 as higher mortgage rates squeeze buyer affordability.
