Forecasts
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%.
Lloyds Bank expects UK house prices to drop 8% next year
Major mortgage lender is focusing on 'slightly better-off customers', as it sets out an array of property price forecast scenarios.
Global housing downturn could see world GDP growth flatline, warn economists
The likelihood of a severe real estate slump is lower now than at the time of the Global Financial Crisis, but a significant drop in residential investment is 'plausible' next year, says Oxford Economics.
A house price crash ‘is looking increasingly likely’, warn economists
UK house prices are "overvalued by a third and likely to fall", suggests Oxford Economics, while Capital Economics boss Roger Bootle thinks we could be looking at a 10-15% drop in property values - equivalent…
Knight Frank slashes housing market forecasts as buyers feel the squeeze
Agency now expects prices in the UK to fall by 5% next year and in 2024, wiping out the growth that took place during the second half of the pandemic.
UK house prices ‘could easily fall 10% to 15%’, suggest economists
Economists expect interest rates to spike and house sales to tumble - meaning the last year's worth of aggressive property price growth could be rolled back.
Kwarteng’s tax cuts ‘will boost London housing market deals by up to 30%’ predicts top estate agency
Dexters' boss Andy Shepherd is very bullish about the capital's property market prospects.
History says Britain’s property market is in for a long slowdown, not a crash
A house price correction of between 10% and 20% looks increasingly likely, writes Colin Jones, Professor of Real Estate at Heriot-Watt University.
HSBC warns of a looming house price crash
Another influential team of analysts expects a sharp downturn for Britain's property market, with London house prices likely to fall 15%.