# Savills forecasts a 1.5% fall in British house prices in 2027

- URL: https://talkfuse.com/story/britains-housing-market-unlikely-to-recover-until-2028-says-savills/
- Published: 2026-11-04T07:57:45+00:00
- Updated: 2026-11-04T08:03:33+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/04/britains-housing-market-unlikely-to-recover-until-2028-says-savills
- Topics: Business, Middle East, UK, World

## Key points

- Savills forecasts a 1.5% house price fall in 2027.
- The firm expects recovery to begin in the second half of 2028.
- More than 2.3 million households face mortgage deal changes in 2027.

## Summary

Savills has forecast that British house prices will fall by 1.5% in 2027, as conflict in the Middle East keeps mortgage rates higher for longer and deters buyers. The firm expects the sluggish market to recover from 2028, with prices beginning to rise in the second half of that year.

Savills predicts prices will increase by 15.8%, or £56,500 on average, over the five years to 2031, with growth reaching 3.5% in 2028. Nationwide reported annual price growth of 0.5% in October, when the average UK home cost £273,566; more than 2.3 million households are due to leave fixed-rate mortgage deals in 2027. Savills says affordability and economic prospects could support stronger five-year growth in northern England, Wales and Scotland.

## Coverage

- [The Guardian: Savills forecasts a 1.5% fall in British house prices in 2027](https://www.theguardian.com/business/2026/nov/04/britains-housing-market-unlikely-to-recover-until-2028-says-savills)
- [Daily Mail: House prices to fall 1.5% next year before typical growth of £56,500 by 2031, upmarket estate agent predicts](https://www.dailymail.com/money/mortgageshome/article-16261621/House-prices-fall-1-5-year-typical-growth-62-000-2031-upmarket-estate-agent-predicts.html?ns_mchannel=rss&ns_campaign=1490&ito=1490)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.