by – Evening Standard
Here’s what the house price forecasters are saying now — and what it all really means.
The average London home will cost £626,000 by the end of 2026 as office workers revert to prioritising proximity to the office and amenities, with demand highest to live in London’s leafy urban villages. This price inflation out-paces national house price growth of 20 per cent over the same period to £324,000, according to a new forecast.
A study from the property group JLL reveals that increased demand to live to the capital after the height of the pandemic, combined with the return of the overseas buyer, will boost the London housing market over the next half decade.
“There is a bounce back in urban demand in London as people once again reset priorities around where they live and opt to stay and move within the city, rather than leaving,” says Nick Whitten, head of residential research for JLL. “In particular we are seeing people buy in those neighbourhoods which have a village feel as they balance convenience and transport with space and greenery,” he explains.
Read the Full article – Evening Standard