Aviva is forecasting a 12% drop for UK house prices as a result of the Coronavirus pandemic, “followed by long-term growth”.
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…
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.
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…
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’
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.
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.
Everyone agrees that transaction volumes will plunge, but opinions are divided over the impact of the Coronavirus on property values…
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.
A looming “shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets”, warns the Centre for Economics & Business Research.
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.
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.