Knight Frank have released their latest UK Residential market forecast with their opinion on what may happen to property prices over the next 5 years.

With growth slowing in London and with this downward trend forecast to remain, on a local level regions such as Midlands, East of England and North West are predicted to have much greater growth.

Indeed, Leicester was among the top performing cities year to date (October 2017) in the UK Cities House Price Index with annual growth of 6.6%.

Uncertainty in London and Prime markets is largely due to policitial and economic doubts surrounding Brexit and muted expectations on wage growth, however the Midlands and Leicester, in particular are still currently experiencing house price rises.

Investors looking for long-term capital growth in their property portfolio look secure, as do homeowners looking to sell, with fewer properties coming to the market (less competition), than in recent years, sustaining house price values and achieved sale prices.

Click below, for the full detailed report:

http://content.knightfrank.com/research/367/documents/en/uk-housing-market-forecast-december-2017-5137.pdf