House price growth in the regions will easily outpace London over the next five years, according to the latest residential property report from Savills.
While UK house prices will rise by another 19.3% in that time, London prices will rise by 10.4%, the lowest growth rate in the country.
Prices should rise fastest in the South East, up 26.4% over the next five years.
After a period of strong recovery, affordability constraints and mortgage regulation are beginning to slow the annual rate of mainstream UK house price growth.
These factors, combined with interest rate rises, will cap the potential for further growth.
Prices will grow by just 2% in 2015, a marked slowdown on anticipated full-year growth of 15% in 2014.
Lucian Cook, UK head of residential research at Savills, says: "Stress testing of borrowers' ability to service a mortgage and loan-to-value lending caps will increasingly limit the amount buyers can borrow, making it more difficult to access or trade up within the market.
"Not only will this suppress price rises, particularly in London, it will also reduce the potential for transaction volumes to return to anything close to a pre-crunch norm."
The market now looks relatively fully valued and this has already prompted a change of sentiment among buyers.
Savills is forecasting that mainstream London house prices will flatline next year, with five-year price growth totalling just 10.4%, the lowest of any region.
By contrast, the South East and East of England are expected to show the strongest growth, at 26.4 and 25.2% respectively, as buyers priced out of London seek relative value beyond the capital.
The North of England has greatest capacity for growth based on affordability measures, but the strong economic drivers are not in place to support it.
Cook said: "Mainstream market performance will be limited by buyers' capacity to borrow and service debt, but we don't believe rate rises will be severe enough to trigger a wholesale market correction, so are not forecasting price falls.
"We expect wage rises, an improving economy and greater recycling of existing housing wealth between generations to support growth, while mortgage regulation is likely to prompt greater reliance on the bank of Mum & Dad with more equity released by downsizing."
Transaction volumes, which at just over 1.2 million this year are well below their pre-crunch average of almost 1.7 million a year, will struggle to recover significantly.
Fewer people will be able to attain home ownership with first-time buyer numbers expected to show no net growth over the next five years.
This will increase the number of households living longer term in the private rented sector.
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