House prices set to be muted next year, say agents as the forecasts start to roll in

House price rises will be muted next year, Knight Frank is predicting.

In London, house prices are forecast to have fallen this year by 1% and to go down by a further 0.5% next year.

In the south-east, there will be no growth next year, but regions where 2% house price growth can be expected are the north-east, east midlands, west midlands and the east of England.

In the UK as a whole, house price growth will average just 1% next year, says Knight Frank.

However, once the Brexit deal is done, the agency forecasts rising momentum across the market, and between next year and the end of 2022, average house price growth will be just over 14%.

Separately, Winkworth says that the market needs to overcome its nerves.

It expects next year to follow the subdued pattern of this.

It says that Brexit will continue to weigh on the greater London market. Like Knight Frank, it expects London prices to reduce, but by more – 3%.

Outside London, it expects house prices to stay flat.

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