The morning after the night before: How resilient has the prime housing market been to a change in the cost of mortgage debt & other drivers of demand?


A period of 'intoxicating exuberance' at the top of the property market has given way to 'much greater sobriety when it comes to pricing,' says Savills' research chief - but this market come-down 'has felt very different to both the early 1990s and 2008.'

Written by

Lucian Cook

Head of UK Residential Research at Savills

Lucian Cook is one of the country’s most respected housing market commentators, having been a director in the Savills research team since 2007. He joined Savills in 1993 after completing a degree in land economy at the University of Cambridge. He qualified as a chartered surveyor in 1995. As a practising surveyor he specialised in the provision of valuation advice for taxation, loan security and dispute resolution purposes and strategic management advice for a range of private and Institutional clients. Lucian is now one of the most quoted commentators on the UK housing market and frequently appears on radio and television. He leads a team of 25 researchers, who cover everything from social housing to the prime markets of central London and development land to residential Investment. He also provides consultancy advice to landowners, developers, housebuilders and investors.

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