PCL market to begin recovery next year, predicts Chestertons

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.

Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes.

"This does not feel like a re-run of 2008/09 for the UK property market," says Knight Frank, as it forecasts minimal property price drops against a complex economic backdrop.