Britain’s housing market unlikely to recover until 2028, says Savills

Britain's housing market is expected to continue struggling until 2028. This forecast comes from property firm Savills, which predicts that average house prices will decline further in the coming years. The main reason for this slowdown is the ongoing war in the Middle East, which is keeping mortgage rates high and deterring potential buyers. As a result, house prices are likely to fall by 1.5% in 2027, affecting the overall economy and trade in Britain.

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The housing market is forecast to decline due to higher mortgage rates. This is because the Middle East war is keeping rates higher for longer.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.