Forecasts
What’s in store for prime property prices?
Rising mortgage rates and economic uncertainty are expected to put downward pressure on house prices and transactions over the next 12 months or so, but Savills is forecasting prices will increase over…
Major agency predicts ‘exceptional’ year ahead for PCL
Carter Jonas thinks Mayfair, Marylebone, Kensington and Chelsea will outperform all London markets in 2023 as more cash buyers flock from overseas.
Economists predict ‘at least 10%’ slump for UK & US house prices next year
Credit Suisse has reiterated its prediction of a significant correction for global house prices.
Property transactions likely to drop by more than fifth in 2023 – UK Finance
Britain's banking trade body expects the housing market to return to pre-pandemic activity levels next year.
Rightmove predicts 2% drop for house prices next year
Asking prices are falling as 'sellers who are determined to find a buyer quickly adjust their expectations and adapt to a less frenzied housing market,' says Rightmove, as the portal predicts a 'relatively…
Prime Country Homes are not in a ‘cappuccino market’: Estate agency predicts only a ‘minor adjustment’ for house prices next year
Jackson-Stops thinks house prices will dip in some markets next year, before returning to positive growth in 2024.
Real estate markets will see ‘green shoots of recovery’ by the end of 2023, predicts CBRE
'The clouds will begin to break later in the year,' says CBRE's research chief, Jennet Siebrits.
Knight Frank cuts prime global forecast for 2023
Property firm highlights six key trends to watch as it downgrades expectations for prime residential markets across 25 top-tier international cities.
Market-watchers agree house prices will fall – but by how much?
A raft of influential property market-watchers have torn-up their house price forecasts, now anticipating a particularly rough year ahead for the housing sector as the wider economy struggles.
How well is the housebuilding sector placed to cope in the event of a downturn?
While development volumes are likely to be disrupted over the next 18 months with lower levels of activity, Savills expects continued demand for new homes and therefore development land in the medium to…
House purchase mortgage approvals on track to fall by 13%
'We expect to see mortgage approvals for house purchases take a notable dip come the end of this year,' says Octane Capital after checking BoE data.
House prices to fall 9% in the next two years, predicts the OBR
The Office for Budget Responsibility expects a year's-worth of house price growth to be reset as the economy declines and mortgage rates peak at 5%.