Global housing downturn could see world GDP growth flatline, warn economists
The likelihood of a severe real estate slump is lower now than at the time of the Global Financial Crisis, but a significant drop in residential investment is 'plausible' next year, says Oxford Economics.
Capital View: The global housing downturn will deepen – but this isn’t 2008
The US, UK, Canada, Australia, New Zealand, and Sweden are now all in the third stage of a property market downturn, suggests Neil Shearing, Group Chief Economist at Capital Economics.
Looming global housing slump ‘could cut world growth to a decade low’
Signs of a global house price downturn are already visible, warns Oxford Economics
Global real estate bounce ‘will extend into 2022’, predict economists
But Oxford Economics expects real estate returns to "temper considerably" by 2026, "falling well below their historical trend".
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LonRes chief joins super-prime London estate agency
Beauchamp Estates has recruited two heavyweight names to its Board of Directors: LonRes co-founder William Carrington & finance maven Gerard Soames.
Knight Frank’s Lock-Necrews to lead Winkworth’s Knightsbridge office
Prime Central London specialist takes over national agency's high-profile Knightsbridge, Chelsea & Belgravia franchise.
Developer sought for ‘iconic’ Chelsea cinema site with prime resi potential
The Grade II listed former theatre & cinema features a prominent Art Deco façade on the Fulham Road.
Dexters buys another London estate agency
'This expansion marks an exciting step forward in strengthening Dexters’ presence across South London,' says prominent property firm as it opens two new branches & acquires James Alexander in Norbury.
Agency reports surge in Prime London deals as buyers return
Knight Frank’s sales team kicks off the spring market with its best February for exchanges in three years.
20 major London property developments seek £22bn at MIPIM
Mayor Sadiq Khan is heading to the Riviera to 'bang the drum' for more foreign investment in London's big housing & infrastructure projects.
Knight Frank celebrates successful Wealth Report launch & media campaign
The property firm's flagship research report was unveiled in front of 300 private clients & their advisors last week, and has generated more than 1,000 pieces of media coverage so far.
US buyers dominant in PCL as government sends mixed signals to foreign investors – Knight Frank
Stability could be the UK’s strength right now, so it feels like unfortunate timing to be replacing our non-dom tax regime with something less competitive, says research boss Tom Bill.
Knight Frank bolsters super-prime lettings team with Strutts high-flyer
New KF partner Joss Hatcher-Davis spent nearly a decade at his former agency, and was consistently ranked as the highest biller.
Agency serves up hi-spec Wimbledon mansion for £10mn
The recently built residence, which has a zero on-site carbon operating footprint, is being billed as 'the ultimate in modern luxury'.
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Compass reportedly in talks to acquire Berkshire Hathaway HomeServices
Reports suggest America's biggest brokerage is about to make another major acquisition.
Green light for new Valouran & Marcus Cooper Group project in Knightsbridge
Luxury developers' revamp of a grand townhouse & mews promises to 'set a new benchmark' for the prestigious PCL neighbourhood.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Required Reading: What property owners need to know about incoming empty home Council Tax premiums
New relief exemptions only apply if the property is up for sale, writes lawyer Matt Crawford.
Cadogan recruits Capital & Regional heavyweight
New FD Stuart Wetherly has been brought in to support the great estate 'through its financial strategy and continued growth'.