Manchester Homes

UK property prices projected to grow as much as 21.6% up to 2023

UK house prices are set to rise broadly in line with incomes over the next five years, but the traditional north-south divide will turn on its head, with the Midlands, North and Scotland expected to see the strongest increases, according to new forecasts from international real estate adviser, Savills.

Brexit will continue to impact sentiment over the short term, particularly in London and its commuter belt, but local market affordability is expected to determine the pattern of price growth over the longer term, the firm says.

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