Property values in London and the South East are set to rise

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On November 2, the same day that the Bank of England raised its interest rates in over a decade, global property services provider Savills issued a report predicting continued increases in property values across the UK.

"The average [property] will … go up £30,000 in five years," proclaimed an article about Savills' predictions in the Daily Mail. This is in keeping with a 40-year trend, during which London housing values have risen at 6.8% a year on average.

The Guardian echoed the trend - noting, "Nationally … the housing market proved stronger than expected this year… Overall, property values in London will rise 7.1% between 2018 and 2022." Meanwhile, an article in the Mirror pointed out that by 2022, residential property values "across Britain are projected … to grow by 14.2%."

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Posted on Monday, November 13, 2017.