‘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. 'We may be some way from the peak pain levels housing markets will suffer in this cycle,' he adds.
Market-watchers agree house prices will fall – but by how much?
A raft of influential property market-watchers have torn-up their house price forecasts, now anticipating a particularly rough year ahead for the housing sector as the wider economy struggles.
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
Global housing markets are ‘at the tipping point’, warns UBS, with ‘significant price corrections’ imminent in many world cities
'We are witnessing the owner-occupied housing boom finally under pressure globally,' says UBS, which warns of 'significant price corrections' in a majority of the highly-valued global cities in the coming…
Companies in this article
Oxford EconomicsMost read
CLS finds new buyer for landmark Albert Embankment block
Resi developer acquires prime riverside building in Central London & plans to create set of 'unrivalled residences'
Revealed: London’s ‘most desirable neighbourhoods’
Savills has used socio-economic and health data from the Census alongside house price records to rank the capital's top enclaves for prime and super-prime property buyers.
Ranked: Britain’s most expensive streets in 2024
Rightmove's data shows a marked increase in buying interest in London's top-tier postcodes compared to last year, as the portal highlights addresses with the highest asking prices for sale and rent across…
By PrimeResi
Major Foxtons shareholders reiterate calls for a sale
London estate agency is working with NM Rothschild, reports The Sunday Times.
By PrimeResi
‘Trophy’ West End retail & luxury resi scheme hits the market
Investment giant instructs agents to find buyer for flagship retail unit & 11 high-end apartments.
Regal ‘repositions’ as expansion plans take shape
Resi-led developer creates new brand portfolio to support 'increasingly diversified' strategy
Historic Cadogan Place building available for the first time in 60 years
Freehold property, currently arranged as flats, is a 'gardener & historian's dream'
Mayfair mews project secures £6.5mn loan
Developer plans a 'transformative' redevelopment of the house on Mount Row, funded by a big-ticket loan from CapitalRise.
By PrimeResi
Sales launch at Fifth Avenue’s tallest resi tower
1,000-foot Beaux-Arts-inspired building has been designed by Kohn Pedersen Fox.
Agency lists Westminster townhouse at £11mn after virtual valuation
Super-prime property near Buckingham Palace is 'one of the most expensive houses ever to reach the market without a physical valuation'
LATEST ARTICLES
Deal sealed on ‘exquisite’ £27.5mn Clarges Mayfair apartment
Knight Frank secures sale of extra-special dual-aspect unit in 'iconic' super-prime scheme opposite Green Park.
Construction starts on REDD’s ‘ultra-luxury’ Kensington Palace Gardens project
Grade II* listed London mansion is being transformed into a set of top-end apartments by a world-class team.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Rental growth stabilises in ‘subdued’ Prime London lettings market
Annual rental growth of 3.8% was up only slightly last month, while activity levels fell back after a good start to the year.
Savills auction boosted by hat-trick of Chelsea sales
Agency's latest live-streamed event raised £62mn amid strong demand for high-value lots.