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.
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
Signs of a global house price downturn are already visible, warns Oxford Economics
But Oxford Economics expects real estate returns to "temper considerably" by 2026, "falling well below their historical trend".
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Whistler Blackcomb leads agency's ranking of 20 prime alpine destinations around the world.
Global real estate brokerage is building an impressive roster of instructions in the capital, after temporarily exiting the UK market in 2019.
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Rolling 12-month transaction volumes are some of the lowest on record, reports LCP.
The developers behind some of London's biggest projects have been bringing forward phases to meet demand.
Three architecture teams have been appointed to accelerate the delivery of the first phase of the ambitious Earls Court regeneration project: Sheppard Robson with Serie Architects and dRMM; Haworth Tompkins …
The latest Bank of England data shows a sharp drop in mortgage lending and mortgage approvals in the aftermath of the short-lived mini-Budget.
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