Forecasts
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%.
Winkworth predicts 5% drop for house prices this year
Estate agency expects an increase in the number of large family homes offered for sale as living costs climb.
Property market moves towards ‘a lower activity environment’
Residential transaction volumes are likely to drop to under three-quarters of pre-pandemic levels in 2023, suggests Savills, and not recover until 2025.
Another agency cuts house price forecasts
Strutt & Parker has revised down its 2022 and 2023 house price forecasts as borrowing costs rise.
PCL property prices to climb 13.5% over the next five years, predicts Savills, as prime markets out-perform
Savills has updated its five-year property market forecasts, predicting price drops in all regions and sectors in 2023.
House prices are set for a correction not a crash, says JLL
House prices crashes have been rare in the UK, says JLL's research chief, Marcus Dixon - and average prices have never slumped by more than 20%.