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.
Interview: Luxury property impresario Dean Main on building a £600mn development pipeline & managing £12bn of PCL schemes
Talking legacy developments & top-end trends with the boss of Henigman & Rhodium.
‘A radical metamorphosis’: Seven-star new-builds dominating Mayfair sales market after luxury building boom
High-end new-builds accounted for more than two-thirds of sales in the iconic neighbourhood last year.
Boutique PCL agency Wilfords expands with new branch in SW London
The Kensington-based firm was founded by ex-Foxtons agents Geoff Wilford and Simon Welfare in 2011.
£36mn price tag for ‘sensational’ double-house in Kensington
Laterally-converted super-home on Cottesmore Gardens 'simply couldn’t be recreated these days'.
Jane Austen’s Hampshire birthplace offered for £8.5mn
Celebrated novelist Jane Austen lived in the original Steventon House for 25 years, and wrote three of her most famous works there.
Developers unveil new vision for Notting Hill’s Newcombe House
Beltane and Angelo Gordon are pursuing an office-led approach to the redevelopment of a prominent site on the corner of Notting Hill Gate and Kensington Church Street, rather than an already-consented…
‘Astonishing’ $95mn super-villa is one of Dubai’s biggest-ever listings
The ten-bed mansion has been designed to 'expand the possibilities of elite architecture'.
Middleton recruits ex-Savills COO to new advisory board
Big-hitters Juliette Stacey and Christopher Eadie will be working with the prime property firm's senior team.
RIBA recognises estate agency founders for their ‘significant contribution to architecture’
Matt Gibberd and Albert Hill, who founded design-led estate agencies The Modern House and Inigo, have been named as RIBA Honorary Fellows for 2023, alongside ten other leading lights of the built environment…
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
‘A steady ship in stormy seas’: Inside Monaco’s booming property market
The Principality's resi market smashed yet another record last year, as elite-level buyers sought out a safe haven and quality of life.
Foxtons reports ‘unbelievably competitive’ conditions in London’s rental market
An average of 20 renters are registering for each new listing, says the agency, rising to over 30 in some neighbourhoods.
Riverside homes in West London come with a 28.5% price premium
Properties close to the Boat Race route on the Thames sell for significantly more than non-riverside properties in the same postcode; Chiswick has the lowest riverside price premium, while Hammersmith…