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".
Most read
Ex-Knight Franker launches ‘artisan’ resi developer with Brixton mews scheme
'We saw a gap in the market for authentic, design-led family houses in London that not only exhibit highly skilled craftsmanship but are also having a positive impact on the environment,' says Alex Macaulay,…
Deal sealed on gigantic Georgian townhouse overlooking Lincoln’s Inn Fields
14,500 square foot mansion, recently renovated by David Chipperfield Architects, attracted interest from Europe and beyond...
Green light for MARK & Finchatton’s Foster-designed mixed-use timber scheme opposite The Whiteley
Designed by Foster + Partners and built using cross-laminated timber, 'The William' is the next phase of the grand £3bn redevelopment of Queensway - which aims to create a patch of Paris in Bayswater.
In Pictures: Aston Martin designs a private home in Japan
Top-end British car marque Aston Martin has steered further towards the branded residential property sector, designing a private luxury home in Tokyo.
‘One of the finest in the Cotswolds’: Historic country house in ‘magical’ setting asks £20mn
Edgeworth Manor near Stroud 'is simply a very magisterial manor that is both composed and confident, which enjoys a great sense of occasion', says Savills.
Savills names top ski resort for high-flying execs
Whistler Blackcomb leads agency's ranking of 20 prime alpine destinations around the world.
Engel & Völkers assembles high-end listings ahead of return to London
Global real estate brokerage is building an impressive roster of instructions in the capital, after temporarily exiting the UK market in 2019.
European court rules public registers of beneficial owners are ‘invalid’
A judgement by Europe's top law court has thrown public registers of beneficial owners - such as the UK's current attempt to shine a light on opaque overseas property ownership structures - into doubt
LATEST ARTICLES
‘This is a low volume market’: Only 12 house sales recorded per week in PCL
Rolling 12-month transaction volumes are some of the lowest on record, reports LCP.
London’s major new-build schemes defy gloom as sales surge
The developers behind some of London's biggest projects have been bringing forward phases to meet demand.
Architects appointed for Earls Court development’s first phase, delivering up to 1,300 new homes
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 …
Mortgage lending slumps as interest rates rise
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.
Fine & Country appoints new Advisory Council to steer management decisions
The eight Fine & Country licensees from different UK regions are 'the driving force' of the estate agency network, says boss Nicky Stevenson.