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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

UK housing market is past its ‘peak pain’, declares Savills

a red for sale sign set against a light blue sky
Savills is forecasting a return to house price growth of 3.5% in 2025, rising to 5% in 2026, 6.5% in 2027 and slowing again to 5% in 2028. Photograph: Glyn Kirk/AFP/Getty Images

Britain’s housing market is past “peak pain” and prices look likely to bottom out by next summer, according to the estate agency Savills.

The average UK house price is projected to fall by 3% in 2024, after a 4% drop this year, the upmarket estate agent and property advisory firm said in its five-year outlook.

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