One in five people now less likely to buy a property due to Covid-19 – PWC
Around a third people who previously – in February – thought their next move would be to a city centre home now want to live in the suburbs or towns and villages.
Buyers can save 10% off a central London property with good timing, says top agency
Upcoming political crunch dates could serve up big opportunities for those in tune with the currency markets, notes Knight Frank…
Johnson vows to turn ‘generation rent into generation buy’ in ‘the biggest expansion of home ownership since the 1980s’
Prime Minister pitches fixed-rate mortgages of up to 95% loan-to-value for first time buyers.
‘British house price boom to fizzle out next year’ – Reuters poll
A poll of property pundits a 2% rise for UK property prices this year, before a “flatline” in 2021.
Sustainable Gains: On the future of green buildings
Developers, policymakers and investors are coming round to the idea that green development makes economic sense, says Jojo Romarx Salas...
Savills drastically raises mainstream property price & transaction forecasts
“Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception,” says Savills as it “significantly upgrades” is forecasts for both property prices and transaction numbers.
‘The economic consequences from the Covid-19-induced recession will pull the housing market from its long-term growth trajectory’ – Hamptons
2021 will be “challenging”, but estate agency brand Hamptons International expects the national average property price to end this year higher than it started it, despite Covid-19 and Brexit, and to climb by 8% over the next four years (+6% in London) – assuming there’s a vaccine, a Brexit deal, and no second lockdown.
Spotting Opportunities: Six drivers of this strange & nuanced prime property market
Fund manager-turned-buying agent Fraser Slater examines the key drivers of activity in the current market, while pinpointing a few areas of opportunity – including some of London & Surrey’s most prestigious neighbourhoods…
CEBR predicts 14% fall for UK house prices next year
Economists warn of a “significant fall” for house prices as wider economic turmoil catches up with the property market.
UK house prices hit a four-year high as demand for outside space continues to climb
“The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months,” says RICS’ Chief Economist Simon Rubinsohn. “More of a concern is the pick-up in prices which could intensify issues around affordability in some parts of the country.”
‘The time to act is now’: On environmental change & the built environment
Climate change is bound to have a powerful effect on the property market in the coming years, writes James Horgan, and for investors, owners and private buyers, the time to act is now…
How did past recessions affect UK house prices? Comparing downturns, 1960-2020
“The ‘once in a lifetime’ re-evaluation of housing requirements on the back of the lockdown will be a counterweight to the impact of the recession on housing market activity over the rest of 2020,” suggests Zoopla.