| Five year price growth % | 2017 | 2018 | 2019 | 2020 | 2021 | 2017-2021 |
|---|---|---|---|---|---|---|
| Prime Central London | 0 | 1 | 1 | 3 | 5 | 15.2 |
| Central London development | 0 | 1 | 1 | 2.5 | 5 | 15.8 |
| Greater London | 1 | 2 | 2 | 3 | 7 | 19.2 |
| South East | 1 | 1.5 | 1.5 | 2 | 5.5 | 14.7 |
| East of England | 0 | 1.5 | 1.5 | 2.5 | 5.5 | 15.3 |
| South West | 0.5 | 0.5 | 1.5 | 1.5 | 4.5 | 10.3 |
| East Midlands | 0.5 | 1 | 2 | 2 | 5 | 12.5 |
| West Midlands | 0.5 | 1 | 2 | 2 | 5 | 12.5 |
| Yorkshire & the Humber | 0.5 | 1.5 | 2 | 2 | 5 | 13.6 |
| North West | 2 | 2 | 3 | 3 | 5.5 | 18.1 |
| North East | -1 | 0 | 1 | 1 | 4 | 7.1 |
| Wales | -1 | 0.5 | 1 | 1 | 4 | 7.6 |
| Scotland | 0 | 1 | 2 | 2 | 4.5 | 10.9 |
| UK | 0.5 | 1 | 2 | 2 | 5 | 13.1 |
| Rental growth % pa | 2017 | 2018 | 2019 | 2020 | 2021 | 2017-21 |
|---|---|---|---|---|---|---|
| Prime central London | 0 | 1 | 2.5 | 3.5 | 4 | 11.4 |
| Central London developments | 1 | 1 | 3 | 3.5 | 4 | 13.1 |
| Greater London | 2.5 | 3.5 | 4 | 4 | 4.5 | 19.9 |
| UK | 2.5 | 3 | 3.5 | 3.5 | 4 | 17.6 |
| Transactions | 2017 | 2018 | 2019 | 2020 | 2021 | 2017-21 avg |
|---|---|---|---|---|---|---|
| UK transactions | £1bn | £1.1bn | £1.2bn | £1.2bn | £1.26bn | £1.2bn |
The UK is set for a post-Brexit slowdown in house price growth, according to JLL residential forecasts.
House prices in the UK will rise by just 0.5% in 2017, according to JLL’s residential research report Uncharted Territory.
Adam Challis, head of residential research at JLL, said the big elephant in the room was EU negotiations, with a “pragmatic” hard Brexit expected.
From March 2016: JLL downgrades London resi forecasts
From November 2015: UK House prices to rise 22.8% by 2020
He said: “We see the near term 2017-18 as being fairly subdued in terms of price growth but really into 2019 and 2020 a little bit of momentum building up.”
Areas which had stronger ties with EU trade, such as the North East, Wales and the South West, are expected to be hit hard.
Challis said: “Overall the picture is a downward movement right across the board across the UK but as ever there are regional manifestations both leaders and laggards.”
Another prediction was a slowdown in the rate of housebuilding, which had been started to be “positive and encouraging”. The centre of London was seen as particularly vulnerable to Brexit.
UK transactions are also predicted to drop to £1bn in 2017.
Listen to more on the need to modernise or die in construction, the role of retirement housing, and what chancellor Philip Hammond should include in the autumn statement.
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