Property values are expected to drop by up to 4% in 2024

Market forecast 2024-28 in selected areas within the UK, %

UK

North-west

Scotland

South-east

London

London

5.5%

South-east

5.5%

8%

6

UK 5%

Scotland

5%

4

2

North-west

4.5%

0

-2

-4

2024

2025

2026

2027

2028

UK

North-west

Scotland

South-east

London

8%

London 5.5%

South-east 5.5%

6

UK 5%

Scotland 5%

4

North-west

4.5%

2

0

-2

-4

2024

2025

2026

2027

2028

Guardian graphic. Source: Savills research. Note: these forecasts apply to average prices in the second hand market. New build values may not move at the same rate