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".
What to read next
Resilient cities & resi opportunities: New trends & drivers in UK HNW real estate investment
Wealthy private client investors "have been operating against an unprecedented backdrop of macro-economic disruption," says Investec - but "these challenging times have failed to dampen sentiment and can…
‘More pain likely for global housing markets,’ warn economists
'The rapidity of recent price declines in economies like Sweden, Canada, New Zealand, and Australia suggests prices may retrace a large part of their previous boom,' says Adam Slater of 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.
Most read
Russell Simpson recruits Strutts veteran Meacock
Notting Hill sales chief, who helped launch two high-profile London offices, makes move to the expanding family-run agency.
Another big-ticket deal sealed at Mayfair’s 60 Curzon
Four-bed apartment guided at nearly £25mn finds a buyer at the Thierry Despont-designed scheme.
Top-flight London design studio expands into Middle East
Laura Hammett is opening a permanent base in Dubai next month.
Priory Walk townhouse hits the market after superyacht-inspired overhaul
In Pictures: Classic Chelsea family home emerges from ambitious reworking by rjha Architects and a cast of specialist contractors.
Lettings veteran launches prime rental search agency
New venture GH Property specialises in sourcing high-end rental homes across the Home Counties.
Mansion tax territory: Three withdrawals per £2mn-plus sale; twice the wait for a buyer
New figures reveal the scale of the challenges facing the top end of England's housing market, with another Budget imminent and the HVCTS looming large.
‘There is a tangible value shift’: Alexander Lewis on Lancaster Gate’s coming of age
Development & investment guru explores how a wave of projects is transforming a long-overlooked corner of W2.
In Pictures: Echlin x Dyson collab at Ransomes Wharf
London Square’s Battersea scheme showcases British craft with a high-tech twist.
‘Selling Sunset’ brokerage sets sights on Dubai
Oppenheim Group lines up 7,000 sq ft base, with plans to double its agent team - and make Dubai its biggest office globally.
In Pictures: Berkshire gem with 37 acres seeks £8.5mn
The Georgian pile has been 'comprehensively refurbished & sensitively enhanced' by the current owner.
LATEST ARTICLES
The casualties of indecision: Louisa Brodie on when an asking price isn’t really an asking price
Banda's Head of Private Clients shares her take on 'an increasingly frustrating aspect' of the prime & super-prime rental market.
Prime London rental growth hits 18-month high as new rules reshape market
LonRes reports a 4.6% rise in achieved rents last month, with lettings activity falling - and more than a third of Mayfair deals sitting outside the Renters' Rights Act.
Green home goals: How energy self-sufficiency became the new property aspiration
Rightmove deep-dive reveals a big gulf between what buyers want, what Britain's housing stock can deliver, and what homeowners can afford to improve.
My Property Career: Quickfire Q&A with Hamptons’ Peter Whyte
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Only three prime London neighbourhoods saw £2mn+ stock rise in Q3
11 of 14 tracked areas saw a decline in the volume of £2mn+ sales listings.