UK house price growth moderated from recent peaks, market remains highly localised
7 December 2017, Singapore – Knight Frank, the independent global property consultancy, today launches the UK Residential Market Forecast 2018.
December 2017 Forecast:
- UK house price growth has been slowing since the summer of 2014, although the annual change remains positive
- Price growth across the UK is expected to be 1.0% in 2018, reaching 14.2% cumulatively between 2018 and 2022
- In London, prices are forecast to fall by 0.5% in 2018, but cumulative price growth over the next five years is positive at 13.1
Gráinne Gilmore, Head of UK Residential Research, says: “The market is localised and we see slightly stronger growth in the Midlands, East of England and the North West, a continuation of the trend that has emerged this year.”