Main image: Housing markets with the largest gains since the GFC saw price corrections in 2018-2019, significantly reducing price pressures. Along with policy support and favourable financing conditions, this should soften the blow from imminent income falls just enough to avoid a global house price crash.
Covid-19’s impact on global property markets ‘will likely be less than in the global financial crisis’
"A full house price crash [is] a distinct possibility," warns Oxford Economics as it assesses the potential fallout of the Covid-19 pandemic on global markets. But "a much more likely scenario is sideways movement or a modest price correction even in the most overpriced markets."
What to read next
Assessing the impact of Covid-19 on Asia’s residential property markets
China's property market flatlined as a result of the Coronavirus lockdown, but there are already signs of recovery, says Knight Frank.
Activity returns to global property markets, but there’s a ‘disconnect’ between buyers & sellers on pricing
Residential property activity in China "has largely returned to normal" after two or three months out of lockdown, reports Savills.
How Covid-19 is affecting prime property markets around the world
Savills has surveyed 50 of its top people in property markets around the world to gauge levels of buyer and seller pessimism and positivity, and assess how the Coronavirus pandemic is changing the residential…
Most read
Tycoon weighing UK exit looks to offload luxury PCL properties
£18mn-plus Knightsbridge flat goes up for sale, along with other homes in Mayfair, Kensington and Chelsea, as entrepreneur says ‘there’s just no point in being here’.
£33k-a-week Mayfair mansion leads run of blockbuster London rental deals
Mount Street and One Hyde Park mega-lets mark five-year highs as capital's luxury rental supply shrinks.
Broker lands stellar £18mn instruction in SW London
Grade I-listed Richmond observatory - now a super-prime residence - was originally built for George III to watch the transit of Venus.
The £100k Mistake: A top buying agent on what prime property buyers need to know about AI
The real value of a good advisor is in judgement & knowledge of things beyond data, says Property Vision's Rob Fanshawe.
Strutt & Parker broker ranks hit double figures
Seasoned St John’s Wood agent becomes tenth member of recently launched brokerage division as heritage firm targets further Prime London expansion.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
£11.8bn development wave to reshape West Kensington’s market
New research makes the case for a West Ken renaissance, as a trio of major development projects look set to redraw the local map - and hike property values.
How super-prime apartments played a key role in London’s £1bn Peninsula
HSH’s accounts reveal just how important the luxury resi element became to the landmark Hyde Park Corner project.
New homes specialist returns to Savills
Resi development sales consultant rejoins after three years with other agencies.
Well-known London agency adds two more self-employed brokers
Olia Sequeira & Victoria Peters sign to the 68-year-old brand.
LATEST ARTICLES
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
Former Bidwells & LandTech execs launch AI advisory firm
The new proptech venture wants real estate business to 'make good AI decisions and only build the AI they’ll actually use.'
In Pictures: Inside Christian Bense’s new Park Hyatt show homes
South African designer kicks off series of interiors collaborations at new high-rise addition to London’s luxury branded resi scene.
My Property Career: Quickfire Q&A with The Buying Solution’s Philip Eastwood
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Knight Frank ‘transforms market standing’ in French Alps
Top-flight agency continues international expansion programme.