‘After defying gravity for much of the pandemic, house prices appear to be finally set for their return to earth’ – Knight Frank

House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.

Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.

"Property in the capital’s most prestigious postcodes is overdue a recovery," says Savills, as it reveals its prime and mainstream market forecasts for the next five years.