London Home Prices to Rise £93K by 2030, Falling Behind National Trends

Savills forecasts that London home prices will rise by £93K by 2030, significantly lagging behind the 22% increase expected across the United Kingdom.

• According to new data from Savills, London is projected to experience only a 13.6% increase in property values by 2030, compared to the national average of 22%.
• The current average property price in London is £683,707, suggesting a total increase of £93,191 over the next five years.
• In contrast, the average property in the United Kingdom is expected to rise by £79,930, highlighting a significant disparity in market trends.
• As part of the broader UK housing market analysis, Savills also noted varying price trends, with regions like Scotland potentially experiencing different growth rates.