House prices likely to drop 12%, warns major insurer
Aviva is forecasting a 12% drop for UK house prices as a result of the Coronavirus pandemic, “followed by long-term growth”.
Back to School: Nine key themes to watch in the weeks ahead
There is a palpable frisson in the newly re-opened London market, write Richard & Sophie Rogerson, but significant challenges lie await as we enter uncharted territory…
Why a ‘U-shaped’ recovery is more likely than a post-lockdown boom
Charlie Ellingworth and the Property Vision team take a measured look at what the Covid-19 recovery could look like for the UK’s economy and real estate sector.
Outside the Box: What will the property sector’s ‘new normal’ look like?
Disruption on the scale of the Coronavirus crisis is sure to alter long-term behaviours in the property sector, writes Olivia Holt, but it will take time for some changes to unfold…
Seven phases to recovery: A tentative timeline for the UK resi market
The residential market is unlikely to return to full strength until 2022, says CBRE, with the post-lockdown recovery dependant on consumer confidence and the wider economic outlook; agency warns that transactions levels could potentially dip below 2009’s trough, while price falls of 10% ‘cannot be ruled out’
How Covid-19 will reshape what prime UK home buyers & sellers want
The Covid-19 crisis could drive a “rural renaissance”, reports Savills, as affluent househunters shift their priorities in light of the Coronavirus lockdown. Locations are becoming more flexible while space is becoming more important – and the jury’s out on prices.
Lloyds predicts a 5% fall for house prices this year
Major mortgage lender Lloyds and top-end buying agency Black Brick are both predicting a fall for property values as a result of the Coronavirus pandemic.
Deutsche Bank predicts a 20% slump for UK house prices
Everyone agrees that transaction volumes will plunge, but opinions are divided over the impact of the Coronavirus on property values…
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a “mini-boom” in prime London’s property market, predicts super-prime specialist estate agency Beauchamp. But we’ll have to wade through some painful months before we get there.
UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming “shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets”, warns the Centre for Economics & Business Research.
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.
Property transactions are likely to plunge by 60%, warns Zoopla
The property market “has not ground to a complete standstill” yet, says Zoopla, but demand is drying up, fall-throughs are escalating – and deal numbers are likely to sink dramatically in the coming months.