Savills predicts UK house prices will drop 10% next year

House prices

Agent predicts prime market will fare better than mortgage-dependent mainstream markets

Estate agent giant Savills has predicted UK house prices will drop by 10% next year with mortgage rates rising to 4% and the cost of living crisis worsening. 

Prime markets will fare better, Savills anticipated, with prices likely to fall by just 2% next year for the the top 5% to 10% by value properties in each region, because of their lower dependence on borrowing. 

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now