‘Downside risks’ mean that PCL property prices could post 0% growth by 2022, predicts estate agency

Revised five-year forecasts suggest more muted price inflation in Prime Central London, following the Covid-19 crisis.

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.

Estate agency expects property values across London and the UK to rise by 3.0-3.5% next year, while the capital's rental market undergoes 'a period of adjustment'.