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Savills expects UK housing market recovery to be delayed until 2028

By Public Technologies
  • Savills expects the UK housing market recovery to be delayed until 2028 as higher mortgage rates constrain affordability.
  • UK house prices are forecast to fall 1.5% in 2027, taking the total peak-to-trough decline to around 3%.
  • Average prices are projected to rise 15.8%, or £56,500, over the five years to 2031.
  • Annual price growth should reach 3.5% in 2028, accelerating to 5% in both 2029 and 2030.
  • The North West leads regional growth forecasts at 23.3% over five years to 2031, compared with London's 8.1%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savills plc published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.

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