Forecasts

The housing market continues to defy the wider economic rhetoric, but signs are emerging that the market is starting to reset, says Nicky Stevenson, MD of Fine & Country UK.

After two years of unprecedented growth, it looks like house price inflation is losing momentum.

Property markets "tend to follow a predictable sequence in downturns," says Capital Economics - and the pattern has already started in the UK and USA.

“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill.

JLL has made some bullish forecasts for London's property market

"The wealthier you are, the more confident you are," says a bullish Simon Leadbetter, Global CEO of Fine & Country.

"To predict what will happen to property prices, look at the amount of leverage," says Charlie Ellingworth, founder of buying agency Property Vision, as he warns that "residential property is not going…

Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.

"Despite market conditions remaining brisk over the last month, a shadow of uncertainty has been cast across the market by downbeat economic forecasts and data published over recent weeks," says national…

“It feels like we are at a crossroads,” says KF's James Cleland, as the number of new sales instruction picks up.

"Tenants are returning to the bright lights of the city and this is driving rental growth to record highs," says Aneisha Beveridge of Hamptons.

Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.