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.
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…
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.
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.
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.
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%...
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.
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…