2027 forecasts for Britain’s housing market

UK

2022/12/01

The avg house price in Britain will ↑ 6.2% or >£22K by 2027, despite it being expected to ↓ 10% in 2023. Considering Britain’s mainstream housing market, the avg house price will reach ~£382K by 2027. House prices are assumed to recover from 2024 as interest rates and affordability pressures ease, after the expected fall in 2023. First-time buyers and buy-to-let investors will bear the brunt of increased affordability issues in 2023, adding to pressures on rental prices.