House prices forecast to fall by 1.5% next year as Middle East war keeps mortgage rates higher for longerBritain’s sluggish housing market is not expected to recover until 2028 as higher mortgage rates linked to the war in the Middle East deter buyers and weigh on prices.The property firm Savills said average house prices were expected to drift lower during the rest of 2026 and fall by 1.5% in 2027, as the prolonged conflict undermines buyers’ confidence and keeps mortgage rates higher for longer. Continue reading...
Britain’s housing market unlikely to recover until 2028, says Savills
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The Guardian - UKBy Alex Lawson and agencies
EXECUTIVE SUMMARY
House prices forecast to fall by 1.5% next year as Middle East war keeps mortgage rates higher for longer Britain’s sluggish housing market is not expected to recover until 2028 as higher mortgage rates linked to the war in the Middle East deter buyers and weigh on prices. The property firm Savills said average house prices were expected to drift lower during the rest of 2026 and fall by 1.5% in 2027, as the prolonged conflict undermines buyers’ confidence and keeps mortgage rates higher for lon
Key Takeaways
- Britain’s housing market unlikely to recover until 2028, says Savills.
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Published originally on The Guardian - UK
