House prices to slow down, rents accelerate

4th November 2016

Savills has predicted that there will be a dramatic slowdown in house price growth in the next five years as economic uncertainty over Brexit disrupts the housing market. Prices will grow by a modest 2% in 2018. Savills added that house prices across the UK will rise 13% in the next five years, fuelled by a 5.5% jump in 2019 as the negotiations to leave the EU bring certainty to the market. In London this figure is 10.9%. The growth is forecast to be weaker than the increase in rental prices, which will rise by 19% across the UK in the next five years, and 24.5% in London.

The Times (03/11/2016)