Forecasts
Lloyds cuts house prices forecast, anticipating a 7% drop this year
House prices will fall farther than expected, suggests mortgage lender, as borrowers struggle with rising costs.
‘The start of 2023 has seen more activity than most expected and there are signs that the rest of the year may follow suit’ – Strutt & Parker
Estate agency maintains property price forecasts for the year ahead, but cuts its outlook for Prime Central London rental prices.
Buying agency flags the property market’s top ten ‘recession-proof strongholds’
Prime London postcodes and top-tier university cities 'are the most likely to escape relatively unscathed' from the property market downturn, says Garrington.
Prime country houses prices tipped to remain 20-25% above pre-pandemic levels
'Much of the froth has now come out of the market and buyers are generally more measured in their approach, especially with regard to values,' says buying agency Heaton & Partners.
‘There is still room for growth’ for PCL property prices, following record-breaking year for £5mn+ deals
More than 50 London neighbourhoods saw some buying activity above £5mn in 2022, says Savills - but the firm still expects traditional Prime Central postcodes to outperform in price growth terms in the …
‘More pain likely for global housing markets,’ warn economists
'The rapidity of recent price declines in economies like Sweden, Canada, New Zealand, and Australia suggests prices may retrace a large part of their previous boom,' says Adam Slater of Oxford Economics
What 2023 has in store for the world’s leading city residential markets
17 of the 30 locations tracked by the Savills prime residential world cities index are expected to record slower growth in 2023 than in 2022, but 13 are forecast to equal or exceed last year's price g…
Prime rental price growth slows as the market becomes ‘less frantic’
Savills expects prime London rental growth to calm from its double-digit run to +5.0% over 2023 and +3.0% by the end of 2024. The prime commuter belt is set for an even sharper slowdown.
Tom Bill: The ‘great recalculation’ will have to wait until 2023
Rarely has the current state of the UK property market been such a poor guide for what happens next, says Knight Frank's research chief.
Six key trends for prime property markets in 2023
'The legacy of the pandemic – where buyers were driven by lifestyle choices and the birth of the ‘race for space’ phenomenon – is now permanently ingrained in the UK buyer's psyche,' says Savills, after p…
What’s in store for prime property prices?
Rising mortgage rates and economic uncertainty are expected to put downward pressure on house prices and transactions over the next 12 months or so, but Savills is forecasting prices will increase over…
Major agency predicts ‘exceptional’ year ahead for PCL
Carter Jonas thinks Mayfair, Marylebone, Kensington and Chelsea will outperform all London markets in 2023 as more cash buyers flock from overseas.