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
By PrimeResi
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.
By PrimeResi
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.
By PrimeResi
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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'
In Pictures: Inside a turnkey Chester Square townhouse, asking £25mn
Revamped Grade II listed residence is 'one of the best townhouses to hit the market this year'
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
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Major Foxtons shareholders reiterate calls for a sale
London estate agency is working with NM Rothschild, reports The Sunday Times.
By PrimeResi
‘It’s an exciting time for the industry’: Rosewood’s Brad Berry on why the luxury hospitality group is doubling down on branded resi
'At the luxury level, buyers gravitate towards the projects that incorporate the intangibles'
‘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.
Sales launch at Fifth Avenue’s tallest resi tower
1,000-foot Beaux-Arts-inspired building has been designed by Kohn Pedersen Fox.
Regal ‘repositions’ as expansion plans take shape
Resi-led developer creates new brand portfolio to support 'increasingly diversified' strategy
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