Regional Property Price Growth Forecasts

News at Newton Fallowell | 09/01/2020



 

  • An average of independent forecasts predicts the average price of a property will rise by 1.8% over 2020 and 15.9%, cumulatively, over the next five years, an increase in purchase price of just over £37,000.
  • With predicted growth of 2%, Scotland and the North West are anticipated to experience the fastest rate of price growth over 2020.
  • Over the next five years all regions of the UK are anticipated to witness double digit price growth, the North West and Yorkshire and the Humber leading the pack.
  • Despite predictions that cumulative growth across the capital will be below that of other regions, the average price of a property across London looks set to rise by over £50,000 over the next four years.

 

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