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Savills says UK housing recovery delayed until 2028 by mortgage rates

Property firm Savills expects British house prices to drift lower through 2026 and fall 1.5 per cent in 2027, with values not recovering until the second half of 2028 as higher mortgage rates linked to the Middle East conflict deter buyers.

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Property firm Savills expects British house prices to drift lower through 2026 and fall 1.5 per cent in 2027, with values not recovering until the second half of 2028 as higher mortgage rates linked to the Middle East conflict deter buyers.