Forecasts
Election 2024: Property industry reactions to the election of a Labour government
Featuring commentary & insights from: Dominic Agace, Guy Gittins, Tim Hyatt, Trevor Kearney, Camilla Dell, Marcus Dixon, Lisa Simon, Becky Fatemi, Nicholas Gray, Will Watson, Geoff Wilford & more
UK house prices are ‘currently 8% over-valued’ – Zoopla
Property prices are likely to morph from "over-valued" to "fair value" by the end of the year, says property portal, despite an anticipated 1.5% increase in average prices.
Eurozone house price growth divergence set to ease, gradually
Oxford Economics thinks house price growth across Europe 'will become more homogeneous after sharp divergence in 2023.'
Knight Frank cuts PCL price forecast for this year
Top analysts now expect Central London property values to fall by 1% through 2024, having predicted a 1% increase at the start of the year.
Tom Bill: ‘The near-term outlook for demand in prime central London has deteriorated’
Knight Frank's research chief explains why the property firm has revised its PCL price forecasts down.
CBRE upgrades UK house price forecast to positive territory
Major agency now expecting growth of 1% in 2024 in anticipation of 'modest' second-half recovery; London to outperform over the next five years with growth of 18.6%.
Savills upgrades UK house price forecasts, anticipating 2.5% growth this year
Lucian Cook's team now expects property values to rise in every region in 2024, with locations furthest from London holding the greatest 'capacity for growth' over the next five years.
Lloyds ups house price forecasts
Mortgage lender expects the Bank of England to cut interest rates three times by the end of this year.
Tom Bill: How much will mortgage rate hikes affect the UK housing market?
Borrowers are currently rolling off relatively favourable two-year fixed-rate deals agreed at the start of 2022, but the pain from higher rates will reduce as the year progresses, writes Knight Frank's…
OBR boosts house price forecast
Average UK house prices are likely to fall 2% this year and 0.4% in 2025, says the Office for Budget Responsibility, with a return to positive growth slated for 2026.
‘London offers the best outlook for residential real estate’ of any major European city, claim economists
'Fundamentals favour London as a residential opportunity,' says Oxford Economics.
Lloyds tweaks house price forecasts, anticipating ‘more modest’ declines in 2024
'We expect house prices to fall between 2% and 4% this year,' says Britain’s biggest mortgage lender.