✉news BusinessReal Estate first seen 2 d ago, last 1 d ago, peak #6
Savills: UK housing market recovery not expected until 2028
Original: Britain’s housing market unlikely to recover until 2028, says Savills
Estate agent Savills has warned that Britain's housing market is unlikely to recover until 2028, a forecast widely reported across outlets including The Guardian and AOL. The prediction points to a prolonged freeze in transactions while higher borrowing costs keep buyers and sellers on the sidelines. Commentators are weighing what the extended downturn means for house prices, first-time buyers and the wider economy.
Why now: A leading property firm forecasting a housing market slump lasting several more years is significant news for homeowners, buyers and the economy.
SavillsBritainUK housing marketThe Guardian
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Evidence
- Britain’s housing market unlikely to recover until 2028, says Savills · The Guardian
- Britain’s housing market unlikely to recover until 2028, says Savills · AOL.com
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