‘The latest near-term indicators of housing market activity point to a significant weakening’, warns the Office for Budget Responsibility, as it anticipates falling property prices and transaction numbers this year.
“Despite a darkening economic outlook, wealth creation will remain a constant in 2019,” predicts Knight Frank in its new Wealth Report. “The global UHNWI population is forecast to rise by 22% over the next five years, meaning an extra 43,000 people will be worth more than US$30m by 2023, this is a remarkable performance in the expansion of wealth across the world.”
Newcastle University’s Sara Nabil explores how new technologies are shaping the homes of the future – and could revolutionise our approach to interior design.
Rental values in the capital’s prime resi markets have fallen by an average of 9.6% since the Brexit Referendum in 2016 – but the pace of declines slowed in 2018, and Savills is predicting a new phase of positive rental growth for London and its prime commuter belt.
The deepening relationship between fashion and interiors, the rise of the ‘caring’ consumer, and haute craftsmanship will be among the themes influencing the finest schemes of 2019, predicts design house Taylor Howes…
A survey by the British Property Federation and Grosvenor finds that most real estate industry leaders are positive about Brexit’s long-term impact – although the next 12 months are likely to be tough.
RICS’ latest monthly survey delivers its weakest near-term sales expectation reading since it started, in 1999
2019 will be ‘a year like no other’, says Mayfair agency Black Brick, as it picks four key themes to look out for in the 12 months ahead…
UK property prices ‘are approaching the limit that current incomes and credit conditions can support’, says CBRE, and ‘there is little to suggest a rebound in sales volumes’.
Researchers expect five-year capital growth across residential, commercial and rural real estate sectors to come in at just 30% as ‘investors zero in on the fundamentals of supply and demand’
Marylebone is ‘increasingly becoming the hub of PCL’ says Beauchamp Estates chief Gary Hersham, as he looks back at an ‘extremely volatile’ 2018, and forward to a year of ‘needs-driven’ deals and a return of North American buyers to London…
Prime Central London’s market works on an 18-year cycle, says leading luxury property developer Charlie Baxter – as he predicts a post-Brexit surge, and that residential prices have a 40% climb in them before this cycle ends in 2026