Knight Frank raises property price forecasts as supply stays low
“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill. "But one lesson from the pandemic is that nothing reverts to normal overnight, which is particularly true in a relatively slow-moving market like residential property. We therefore expect a more gradual return to earth for prices."
House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.
"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
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.
Companies in this articleKnight Frank
The Prime Minister and Chancellor will announce a reduction in property transaction taxes on Friday, suggests The Times.
After 24 years at Foxtons, Bennett has taken the helm of Beauchamp Estates’ high-profile sales team in Mayfair.
Luxurious AvroKO-designed apartments promise 'the best of hotel living all year round'.
Chelsea-based firm has operated in the luxury property sector since 2013, delivering around 140 projects.
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Commission-only property brokerage Nest Seekers is offering a three-month placement to the winner of a new BBC Three show.
The new barometer of luxury is health, says PCL developer Almacantar.
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
'How these instructions translate into sales will provide a good barometer for the wider health of the market in the months ahead', says LonRes.
Since 2008, renovations and alterations to residential properties that have been empty for at least two years are eligible for a reduced VAT rate of 5%, writes Nick Cunningham of Stacks Property Search.