UK House Prices To Flatline, Says Forecast

The British property market’s post-crash boom will come to a halt in 2017 when house prices flatline after five years of increases, according to an industry forecast. Uncertainty caused by the EU referendum and weaker consumer sentiment will result in two quiet years in the housing market, according to property firm Savills, with zero growth next year followed by a 2% rise in 2018. In London and the east Midlands price growth will grind to a halt, while in the north of England, Wales and Scotland prices are expected to fall over the year, Savills said. Only the south of England outside the capital is expected to buck the trend, with growth of up to 2.5% predicted in some regions. Read more on the Reuters website.