Coronavirus
What does the future of the prime residence look like? Exploring the impact of Covid-19 on luxury property development
Knight Frank has looked into how Covid-19 is accelerating design trends and impacting housing delivery, suggesting some key evolutions for the future of the global prime residence.
‘Covid-19 has increased the desire to move home, with more space the key driver’ for prime buyers
The latest Savills buyer survey reveals "a greater urgency in the desire to move home", allowing the top-end estate agency to predict that the current surge in buying activity will continue beyond the…
New AI-powered air filtration system promises to ‘remove 100% of Covid-19 virus within 45 minutes’
Several super-prime resi developments in London are already in talks about installing the new OKTOair system.
Property price growth plummets in prime global cities, but ‘this is not a financial crisis as in 2008’
Prime global cities indices from Knight Frank and Savills reveal how Covid-19 has affected international property markets.
59,000 ‘lost’ deals: Estimating the financial cost of lockdown to the estate agency sector
The UK's Covid-19 lockdown caused a dramatic slump in the number of new instruction and sales agreed, reports Twenty EA, but property exchanges appear to have been more resilient.
‘There are signs that normality is returning’ to the property market, says Knight Frank, but uncertainty remains
"The UK will officially be declared to have entered a recession next month," says Knight Frank's Tom Bill.
Covid-19’s impact on global property markets ‘will likely be less than in the global financial crisis’
"A full house price crash [is] a distinct possibility," warns Oxford Economics as it assesses the potential fallout of the Covid-19 pandemic on global markets.
Around 90% of estate agency branches have now reopened
Only about half of high street business have re-opened since the Coronavirus lockdown, says The Local Data Company, but 88% of estate agency branches had opened their doors by the start of July.
Economists predict ‘a slow recovery in activity, but a relatively benign outcome for house prices’
House prices are likely to fall by 7% as a result of Covid-19, predicts Oxford Economics - but the risks are "heavily skewed" towards much, much bigger price falls of almost 40%...
Treasury floats SDLT holiday as part of Coronavirus recovery measures
Rumours are circulating of a Stamp Duty holiday up to £500k.
Half of homeowners have ‘reordered their priorities’; one in seven have cancelled plans to move home in the next year
A survey by Zoopla has revealed that one in seven (14%) of those who were planning to move home before the pandemic hit have cancelled or paused those plans for more than a year.
Property investor-developers have reduced intended UK spend by £1.2bn, says the BPF
The British Property Federation has published a "Covid-19 recovery roadmap", suggesting that Stamp Duty be temporarily cut for institutional build-to-rent investors, and a reduction of VAT on residential…