Mapping the migration of the world’s millionaires
High Net Worth Individuals are back on the move, suggests Henley Global; here’s which countries they’re mostly moving from, and where they’re moving to (map via visualcapitalist.com)…
Has London’s property price premium bottomed-out?
JLL has made some bullish forecasts for London’s property market. After two years of meagre price growth in the capital compared to the regions, the firm suggests that “buying opportunities” in London have now peaked. “The underperformance of London compared with other regions could be nearing its end,” says research chief Marcus Dixon.
‘Concerns over the property market are overstated’ – Fine & Country boss
“The wealthier you are, the more confident you are,” says a bullish Simon Leadbetter, Global CEO of Fine & Country.
Property as an inflation hedge? Maybe not…
“To predict what will happen to property prices, look at the amount of leverage,” says Charlie Ellingworth, founder of buying agency Property Vision, as he warns that “residential property is not going to be the inflation protection that everyone expects.”
House price growth to slow, but ‘risks of a correction have been overstated’ – Savills
Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.
‘After defying gravity for much of the pandemic, house prices appear to be finally set for their return to earth’ – Knight Frank
“It feels like we are at a crossroads,” says KF’s James Cleland, as the number of new sales instruction picks up.
Prime Central London rents set to rise 10% this year, predicts Strutt & Parker
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London’s lettings market as tenant demand outpaces rental supply.
Residential investment set to surge by 65% this year, becoming a core asset class
Residential real estate has shifted from an alternative to a core asset class in the eyes of investors, says Knight Frank, as record amounts are pumped into the sector.
‘There doesn’t need to be a recession to dampen the mood in the UK housing market’ – Knight Frank
Knight Frank’s research team assesses what the Bank of England’s slashed forecasts mean for the property market.
‘The risks are rising’: Top analyst warns of a looming property market downturn
“Underlying fundamentals suggest house prices are reasonably priced at current levels,” says Neal Hudson, but “the fundamentals may be about to change – potentially quite quickly.”
UK house prices likely to fall in 2023 & 2024, predicts Capital Economics
Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.
Slow growth predicted for development land values as building costs climb
“Developers will need to absorb new costs, and tighten margins in order to secure sites in what we expect to continue to be a competitive market,” says Savills’ head of regional development.