‘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.
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.
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 articleOxford Economics
Owner of Sotheby's Dubai and the Middle East region confirms acquisition of UK business
One prime estate agency has listed properties for sale in more than half of the nation's postcodes in the last six months, significantly out-covering any other brick-and-mortar firm.
Poppy Chenevix-Trench has moved on from the Savills Private Office, becoming the latest high-level addition to Sandy Mitchell's Redbook Agency.
Charles Medina has moved from Savills to become a Director at Strutt & Parker in Mayfair and Marylebone.
Strutt & Parker's London new homes sales chief reflects on the big themes to emerge in the prime development sector lately, and the projects currently setting the tone in the luxury market...
By Keir Waddell
Super-prime developer expands into education, securing planning for a new school for Thomas’s Kensington, along with new apartments & townhouses
Another major acquisition creates London's biggest estate agency network.
The agency is looking to grow its regional resi development business by 50% over the next five years
Hamptons has noticed a significant increase in the proportion of mortgage-free home-buyers so far this year, while Jackson-Stops has identified where cash buyers are making the biggest savings.
A.London completes 4,664 sq ft penthouse project at latest Berkeley scheme in W2
As the number of legal cases involving Japanese knotweed continue to rise, Rachel Redwood explains how a vendor in SW London has ended up facing a bill of £200k, and what buyers and sellers need to kn…
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New rules are 'already having a major impact on UK real estate transactions and any overseas entities that own affected UK real estate and have not yet registered their beneficial owners at Companies …