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Savills forecast: UK house prices to fall 1.5% in 2027, recovery delayed until 2028

Created Nov 4, 2026 • AI-generated summary

Savills UK residential forecast published 4 November 2026: average UK house prices expected to drift lower through the rest of 2026 and fall 1.5% in 2027 as the Middle East conflict keeps mortgage rates higher for longer; recovery expected from the second half of 2028, with 3.5% growth in 2028 and 15.8% (£56,500) cumulative growth over the five years to 2031, led by first-time buyers helped by the Your First Home scheme. Comments from Emily Williams, director of residential research. Membership limited to coverage of this specific Savills forecast.

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