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Outlook for UK house prices

Outlook for UK house prices

Forecasts of UK house prices under deal and no-deal scenarios.

Yael Selfin - Chief Economist at KPMG in the UK.

Chief Economist

KPMG in the UK


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While house prices are expected to increase once the Brexit uncertainty has lifted and a deal has been agreed, a no-deal could see house prices fall by around 6% in 2020, with a drop of 10-20% not out of the question if the market reacts stronger than anticipated, according to new KPMG UK research.

High level outlook for house prices in the UK:

  • As Brexit approaches, the type of exit will impact the fortune of house prices in the UK in the medium term
  • If the UK exits on 31 October with a deal, we expect house prices to stabilise in 2019 and to rise by 1.3% in 2020
  • On the other hand, a no-deal Brexit on Halloween could cause house prices to fall by between 5.4% and 7.5% across the different UK regions in 2020

For more housing insights for the UK download the Outlook for UK house prices report

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