Skip to content
Subscriber Only

U.K. House Prices Seen Surging More Than Expected, Savills Says

  • Broker revises 2021 forecast to 9% growth from previous 4%
  • Home buyers drove prices up 7.3% in year through June: Zoopla
A terrace of homes on a hill in Birstall, U.K.

A terrace of homes on a hill in Birstall, U.K.

Photographer: Darren Staples/Bloomberg

The U.K.’s pandemic-defying housing boom could have some way to go yet.

That’s according to a revised forecast from broker Savills Plc which now predicts 9% price growth this year, up from an earlier estimate of 4%, thanks to the extension of a tax holiday. It still expects values to rise by 21.5% over the next five years, in line with previous forecasts, as price inflation eases following the removal of incentives.