Overview
- The agent halved its 2026 house-price growth outlook to 2% as buyer confidence softens heading into the new year.
- Across 2026–2030, Savills still projects about 22.2% average UK price growth, with real-terms gains resuming from 2028.
- London is forecast to see no growth in 2026 and a 13.6% rise by 2030, trailing stronger gains expected in Yorkshire, the North East, the North West, Scotland and Wales.
- Savills cites stubborn inflation, slower-than-hoped interest-rate cuts and a softer labour market restraining affordability, with the 26 November Budget weighing especially on prime activity.
- Transactions are expected to dip to about 1.15 million in 2026 before recovering toward roughly 1.19 million by 2030, as London listings run about a fifth higher than a year ago.