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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.

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Yael Selfin - Chief Economist at KPMG in the UK.

Chief Economist

KPMG in the UK

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Also on home.kpmg

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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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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