“While the outlook for 2020 is generally more positive” than in 2019, says Savills, “price growth in prime residential markets is still expected to be modest across many global cities”
The latest set of estate agents’ forecasts are ‘too conservative’, suggests Black Brick, noting that vendors are already toughening up their stance; Mayfair, Kensington and Belgravia expected to recover first…
Prime resi insiders weigh-in on the big property market, design and lifestyle trends for the next 12 months
It was a subdued end to the year for Prime Central London’s property market, reports Knight Frank in its Q4 sit rep, with 17% fewer £1m+ properties listed for sale in November 2019 compared to the same month in 2018. Price growth is likely to remain muted in the short term, predicts the team, but sales activity is likely to pick up…
Surveyors predict 2% growth for UK house prices this year, but no improvement in transaction volumes
The average property price in a UK city has increased by 54% over the last decade; London has seen 74% growth.
Knight Frank is predicting more steady growth for prime and mainstream rental values around the country in the coming years
Prime Central London property prices are likely to rise by 18% over the next five years, forecasts Knight Frank, out-performing mainstream markets.
Average house prices are likely to rise at more than double the rate seen in the last year, predicts the country’s biggest property portal, as London “finally shows tentative signs of bottoming out”.
The biggest Tory majority since 1987 is “a hugely comforting outcome for the wealthy”, says a top buying agent, while a super-prime estate agent thinks that Boris Johnson’s new government “will inevitably provide an enormous boost for the London residential property market”
Knight Frank flags nine global prime resi trends to monitor in 2020, while picking which prime global cities are likely to see rising house prices in the coming year – and which are set for price falls.
Agency foresees a return to growth for London’s high-value locations in 2020, although further declines are on the cards for the rest of the capital…