Predicting the future of the UK property market is challenging and equally difficult due to changing global economic scenarios. However, real estate experts have predicted a few top factors that can influence this market in the next few years to come. Major economic factors such as increasing inflation globally and higher interest rates are expected to have the biggest impact in the UK on the next few years to come.
One of the major predictions is that in the next few years, UK house prices will increase by an average of 13.1%. This trend will prevail in the mainstream market and major cities in the country. The most elevated rises will be seen in the north of England, where the housing market and economic market are booming.