House prices

EMBARGOED TO 0001 TUESDAY MAY 7 File photo dated 03/04/23 of the sun rising over Manchester city centre. A house price growth forecast has been revised upwards, based on an improved economic outlook. Across Britain, property values are expected to have increased by just over a fifth (21.6%) on average by the end of 2028, revised from a previous forecast of 17.9%, Savills said. The revised forecast could mean the average house price grows by £61,500, from £285,000 in 2023 to £346,500 by 2028. Issue date: Tuesday May 7, 2024.