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House Prices Set to Fall Until 2028 as London Worst Hit

Savills said weaker sentiment and elevated mortgage rates will keep prices under pressure before first-time buyers lead a recovery from 2028.

Summary by City AM
House prices are not expected to recover from the UK’s property market slump until the second half of 2028, with London set to be the country’s worst-hit region. The average house price in the UK is set to fall by a further 1.5 per cent in 2027, according to new research from estate agency Savills, [...]

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Evening Standard broke the news in London, United Kingdom on Wednesday, November 4, 2026.
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