According to the forecast, the growth of house prices in London is expected to slow down and measure between 0.5 percent and two percent annually in the next five years as of November 2021. Overall, in the period between 2022 and 2026, residential property prices are forecasted to increase by 5.6 percent. In the recent years, house prices in London and the United Kingdom have risen dramatically. As of November 2021, house prices in the UK increased by over ten percent over the same period in 2020.
Annual residential property price change forecast in London from 2022 to 2026
The source adds the following information: "These forecasts apply to average prices in the secondhand market. New build values may not move at the same rate"
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Savills. (November 9, 2021). Annual residential property price change forecast in London from 2022 to 2026 [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills. "Annual residential property price change forecast in London from 2022 to 2026." Chart. November 9, 2021. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills. (2021). Annual residential property price change forecast in London from 2022 to 2026. Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills. "Annual Residential Property Price Change Forecast in London from 2022 to 2026." Statista, Statista Inc., 9 Nov 2021, https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills, Annual residential property price change forecast in London from 2022 to 2026 Statista, https://www.statista.com/statistics/788484/mainstream-house-price-change-london/ (last visited May 19, 2022)
