OBR downgrades housing market forecast: prices set to fall by 10%; transactions by 20%
"Low consumer confidence, the squeeze on real incomes, and the expectation of mortgage rate rises to come are expected to contribute to continued falls in house prices and a reduction in housing market activity," explains the Office for Budget Responsibility.
SDLT, Transactions, House Prices, Housebuilding & Net Additions: The latest OBR forecasts in five graphs
Property-related take-homes from the latest tranche of Budget-related economic data
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.
OBR revises housing market forecasts in light of Covid-19
Three scenarios for house prices and transactions volumes over the next five years have been presented by the Office for Budget Responsibility - an Upside, a Central, and a Downside.
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Big London agency calls the bottom of the market
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Agents report ‘extraordinary’ sales & lettings run in North Surrey
Knight Frank handled £106mn-worth of property sales & saw a 171% jump in super-prime lettings in the area through Q3.
£70mn deal streak for Strutts’ Estates & Farms team
A strong autumn market saw the agency conclude 'landmark' sales in Wiltshire & Surrey - and tee up some big transactions for the coming weeks.
Super-prime sales slow in key HNW hubs as politics, taxes & tight supply bite
Survey of 12 global markets shows a 21% Q3 drop in $10mn-plus deals - led by sharper falls in New York and London - but the overall 12-month tally is still the strongest since 2021.
Knightsbridge apartment reportedly sells for £26mn below original purchase price
Financial Times flags notable recent transaction at high-profile ultra-luxury resi scheme.
Housebuilding around train stations ‘will be given default yes’
'We’re making it easier to build well-connected & high-quality homes,' says the Housing Secretary as more proposed planning reforms are revealed.