Economics
Tom Bill: Risks change in Prime London’s sales market as the year ends
'The primary risk for London’s prime property market is now political rather than economic,' says Knight Frank's research chief, as he looks back at how 2023 unfolded, and assesses what lies ahead for 2…
Tom Bill on ‘a year of re-balancing’ in the Prime London lettings market
'2023 was the year the convulsions caused by the pandemic in the prime London lettings market began to dissipate,' says Knight Frank's residential research chief, as he looks back at the past 12 months…
Cliff Gardiner: ‘There is a good degree of industry optimism around for 2024’
The view that things can only get better, shared by many Prime London estate agents, 'is based on the notion that the property market simply cannot continue to stagnate for yet another year,' says BHHS…
CBRE upgrades UK house price forecast
UK resi values are likely to 'fall marginally' in 2024, says property consultancy.
Global housing markets show ‘surprising resilience’ in the face of higher rates
'The resilience of global house prices is surprising in light of rising costs for mortgage borrowers,' says Knight Frank - although resi transaction numbers have tumbled by 15% to 25% in many developed…
The Times: Why house prices didn’t crash in 2023 and are unlikely to do so now
Economics expert David Smith explains how the housing market has so far managed to swerve a major downturn in this piece for The Times.
Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
Housebuilding numbers set to fall ‘significantly’ next year – Savills
Mapped: where house-building is falling short of new housing need
Reflecting on the Autumn Statement & latest OBR forecasts
The government’s ability to boost housing delivery is limited as higher mortgage rates curb demand, says Tom Bill.
House prices likely to fall 4.7% next year – OBR
House prices are likely to bottom out at the end of 2024, before "recovering slowly" to reach their late-2022 peak level in the second half of 2027.
‘Not the helping hand for the housing market that many hoped for’: Property industry reactions to the Autumn Statement 2023
Tax cuts have been welcomed, but industry insiders wanted to see more interventions to boost property transactions.
Required Reading: The Autumn Statement 2023 for HNWIs & business owners
Mishcon de Reya's team walks us through the key announcements and policy points raised in Jeremy Hunt's big speech.