Lucian Cook on what Covid-19 might mean for the property market
The Coronavirus pandemic is likely to cause “a hiatus in the UK housing market, without necessarily affecting longer term prospects,” says Savills’ research chief.
Coronavirus has ‘completely wrecked’ the housing market bounce as viewings slump
“It seems likely that Covid-19, combined with last month’s floods, will have completely wrecked any positive effects that political certainty since the general election may have provided to the housing market,” says Professor Yolande Barnes. The National Association of Estate Agents, meanwhile, has anecdotally reported that the number of property viewings has tumbled by “more than 50%” in the last two weeks.
Budget 2020: Property industry reactions to the non-resident Stamp Duty surcharge & more
It was not unexpected, but the new 2% Stamp Duty surcharge for overseas buyers is not particularly welcome either, say most of our prime residential property industry insiders…
Optimism returns to the property industry – but estate agents are looking to diversify
Key findings from Zoopla’s annual “State of the Property Nation” include a marked upswing in estate agencies’ sentiment, but there’s continued uncertainty over the political situation.
The total value of UK housing has soared by 46% in the last ten years
The combined value of UK homes has escalated by £750m a day since 2009, says Savills…
Javid confirms Budget 2020 date: Wednesday 11th March
The new Government’s first Budget will be delivered on 11th March 2020; it will “usher in a decade of renewal” says Chancellor Sajid Javid.
All is calm, all is bright: Post-election thoughts
There is no denying the instant relief felt by stakeholders in the prime London property market following the general election result, write Sophie & Richard Rogerson, but there are real concerns this may further exacerbate the gap between vendor and buyer expectations…
Is the market ready for price growth?
With the Conservatives now given a mandate to take Brexit forward and promptly as promised, Cluttons’ James Hyman and team give their view on the likely consequences for the residential markets across London…
‘Certainty will return to the UK housing market’, predicts JLL in an upbeat set of forecasts
Property firm prophecies “the end of a long period of uncertainty” in London and around the country – with positive growth on the cards for house prices, transaction volumes and rental values.
Luxury lifestyle prices are rising twice as fast as mainstream consumer inflation
Coutts bank’s measure of luxury price inflation has risen by 4.7% a year since 2016; twice the rate of the mainstream Consumer Prices Index
Europe’s resi real estate investors are ‘bullish’ despite Brexit & regulatory concerns
Paris, Berlin and Frankfurt are the top picks for real estate investment in 2020, reports PWC
UK resi market facing extra-significant election impact, says private bank
The stakes for the UK property market are unusually high this time round, warns Nedbank Private Wealth, as it advises clients on the potential ramifications of each of the likely scenarios…