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.
What to read next
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
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.
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…
UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming "shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets", warns the Centre for Economics & Business Research.
Most read
High-profile agent Tangney launches ‘modern private office’
Siân-Louise Tangney's new venture, Key Privé, has already chalked up a £200k-a-month off-market deal in Ascot.
Knight Frank & UK Sotheby’s land £25mn Ormeley Lodge instruction
Lady Annabel Goldsmith's 'exquisite' former home between Ham Common and Richmond Park comes to market after more than 50 years with the family.
In Pictures: Inside the first completed penthouse at Holland Park Gate
RedBook Agency & Taylor Howes collaborate on transformation of 5,500 sq ft duplex atop Lodha's super-prime scheme in Kensington, billed as 'one of London's most significant new luxury homes'.
Valouran promotes sales chief Leigh to partner
Industry veteran steps up at the luxury developer, where he oversees sales across a £4bn London portfolio.
In Pictures: 500 industry pros attend inaugural ‘Summer Social’ at the Hurlingham Club
Social Circuit: UK Sotheby's, Enness Global and Lumley brought together professionals from the luxury property, finance and wider private client worlds for an afternoon of networking and entertainment.
des Forges: ‘When the London market turns up, it turns fast’
In Pictures: Top agents and designers gather in Knightsbridge to discuss the capital's prospects & evolving HNW trends.
Prime property price declines accelerate in ‘strong buyer’s market’
Savills expects 'increasingly cautious' London & regional top-ends to remain price sensitive in H2.
Agency duo buy well-known SW London firm
Brendan Wynne & Fraser Allen are consolidating the 33-year-old estate agency's multiple branches into a 'hub office' in central Richmond.
Knight Frank promotes 129
UK business names 18 new Partners in latest promotions round.
Lord Snowdon’s former country retreat on the open market for first time in more than 500 years
In Pictures: An ancient house with high-society provenance seeks £3.95mn.
LATEST ARTICLES
Country house buyers hold back in third summer of uncertainty
Exchanges are down 10%, buyer registrations are down 14%, and average prices have fallen by 5% in the last year, reports Knight Frank.
House price optimism gets a reality check
Fewer than a third of consumers now expect prices to rise over the next 12 months, down from more than half last year, according to latest OnTheMarket poll.
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
London property brokerage Jefferies buys Bayswater lettings firm
Grange will continue to be led by Mez Callender and Christina Lipper.