Forecasts
Meriam Makiya: Key residential trends to watch in 2024
Buyers are becoming more discerning, and placing greater emphasis on community and amenities, writes BPSDC's resi boss.
Knight Frank upgrades global house price forecasts as ‘some prime buyers appear confident that the worst is now behind us’
'Cautious optimism is emerging as prime buyers consider economic headwinds to be easing,' says Knight Frank, as the property firm raises its outlook for international resi price growth in 2024.
Housebuilding numbers set to fall ‘significantly’ next year – Savills
Mapped: where house-building is falling short of new housing need
House prices set for ‘modest’ decline in 2024, predicts Rightmove
'It’s likely to be another muted, and in parts challenging, year for some buyers and sellers in 2024,' warns Rightmove, as the property portal identifies five trends to watch in the coming year.
UK rents to keep on rising but will hit ‘affordability ceiling’ in 2025
Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.
House prices to rise in London next year, but dip across the UK – Chestertons
Recovery will be 'slow and steady rather than spectacular', says high-profile agency.
Buying agency makes 12 predictions for the property market in 2024
From the rise of bungalows and 'my wife next door' to country hotspots and London locations, buying agents from national network Stacks have identified some of the trends they think will characterise the…
House prices likely to fall 4.7% next year – OBR
House prices are likely to bottom out at the end of 2024, before "recovering slowly" to reach their late-2022 peak level in the second half of 2027.
‘Too soon to call an end to the house price correction’, say economists
Britain's housing downturn 'has some way to run,' says Capital Economics.
Property price declines are ‘running out of steam’ in most major markets
Oxford Economics thinks 'further significant corrections are unlikely' for global house prices.
Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
PCL market to avoid price falls in 2024 & see five-year growth of 18.7% – Savills
Prime Central London is a ‘buy', says agency, as latest predictions show UK's high-end markets bottoming out next year and recovering more quickly than the mainstream.