Forecasts

A recent survey has also found that British buyers are more likely to put forward a lower offer than asking price compared to their European counterparts.

Average property prices are likely to be 17% lower after five years than was predicted in March, before the pandemic hit, says the Office for Budget Responsibility.

Prime property markets around the world have proven "largely resilient" in the face of this year's happenings, reports Knight Frank.

£42 billion of additional capital is due to be committed to the UK’s residential investment sector by 2025, predicts Knight Frank.

Estate agency Strutt & Parker has revised its 2020 forecasts for the UK's property market after a "mini-boom" in transactions in the last few months.

Birmingham is tipped to be the strongest regional property market over the next five years, says JLL, as the wider UK market "shows its resilience" despite a tricky-looking 2021.

Agency expects prices to dip in 2021, before rising ‘quickly and steadily’; transactions to remain well down on pre-Covid predictions

London is likely to see the slowest rate of property price inflation in the coming years, according to some analysis of various property market forecasts.

Values have now fallen by -8.1% in a year in the capital's most expensive postcodes - the biggest fall over a 12-month period in more than a decade - but the agency sees a turnaround on the cards in 2021...

A poll of property pundits a 2% rise for UK property prices this year, before a "flatline" in 2021.

"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…

More vendors are cutting asking prices, notes Knight Frank, demonstrating "a flicker of nervousness" in the property market as summer turns into autumn.