Gloomy outlook for house sales, Knight Frank warns

Housing

Although prices will not crash, they are unlikely to rise significantly in the short term 

House sales will drop by 15% this year and prices will be “muted” across the UK, according to Knight Frank’s latest UK residential property market outlook.

The property consultant said there were concerns about the market despite recent data showing monthly house price growth at a 16-year high, and a large number of exchanges outside of London.

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