Major mortgage lender forecasts 1% growth for UK house prices this year
"We expect house prices to maintain their current strong levels over the next year, but growth to be much flatter in 2022, at around 1%," says Andrew Asaam, Mortgage Director at Lloyds Banking Group.
What to read next
Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
House price growth to slow, but ‘risks of a correction have been overstated’ – Savills
Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.
‘After defying gravity for much of the pandemic, house prices appear to be finally set for their return to earth’ – Knight Frank
“It feels like we are at a crossroads,” says KF's James Cleland, as the number of new sales instruction picks up.
Most read
Changing of the guard at Knight Frank’s National Country Department
‘Stan’ Matthews steps up to lead £400mn-a-year operation after 23 years with the agency.
Warwick revives 1880s Notting Hill terrace as luxury resi scheme
Four top-spec residences will be released to the market throughout the autumn.
Billionaires’ Row mansion changes hands for £30mn
Official records reveal big-ticket resi deal on one of north London's most famous addresses.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Knight Frank appoints new Group CFO
'Knight Frank is primed for growth and I am looking forward to helping deliver this,' says Chris Davis.
High-profile royal mansion heading for the private rental market?
Former home of Andrew Mountbatten-Windsor has 30 rooms and is said to cost £400k-a-year to run.
‘Ever increasing taxes cannot continue’: Charles Curran on fear, flight & the changing PCL market
The Maskells boss weighs up the impact of tax uncertainty on prime London – and spots an opportunity amid the gloom.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Real Estate Legal Digest: An essential guide to the latest developments shaping the UK property market
Stay abreast of the key policies & issues impacting the real estate sector with PrimeResi's regular legal briefing, prepared by Boodle Hatfield's team of experts.
London headquartered architecture firm lands major Singapore masterplanning project
Singapore Land Group's Marina Square will include a 49-storey residential tower alongside reworkings of three 'tropical modernist' hotel buildings.
LATEST ARTICLES
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Pininfarina shifts into US resi market with $17mn ‘collectible’ villas
Ferrari collaborator takes its branded resi concept stateside with a limited run of bespoke super-homes.
Knight Frank installs new Managing Partner in Berlin
'Germany is our number-one priority market for expansion in Europe,' says KF's Europe MD.