London property market to see modest 1 per cent rise amid global tension

British home prices are predicted to rise more slowly than previously thought, according to a Reuters poll of housing analysts conducted as expectations for interest rate cuts evaporate following the outbreak of war ​in the Middle East.

The average price of a home will rise 2.5 per cent this year and 3 per cent ‌the following two years, the February 27-March 18 poll of 17 analysts found. A December poll predicted a 2.8 per cent lift in 2026 and 3.3 per cent in 2027.

“Looking...