Knight Frank research chief: The mood music has changed but our forecasts remain on track
Tom Bill explains how the property market landscape has altered over the last 90 days, and why the next three months will provide some more clarity about the longer-term prospects.
What to read next
Knight Frank trims house price forecasts for 2025
But Tom Bill's team has upgraded its outlook for prime London property price growth over the next five years.
‘The outlook has become more positive’: Knight Frank hikes UK house price forecasts
Top-flight housing market analysts have dramatically raised their expectations for house price growth this year, revising the 2024 forecast up from a -4% drop to a +3% increase.
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.
Most read
Property Industry Reactions: New PM Burnham installs Downing Street team
UPDATED: Former Defence Secretary John Healey replaces Rachel Reeves as Chancellor of the Exchequer; Angela Rayner returns to the Cabinet as Housing Secretary.
St John’s Wood mansion trades in £29mn deal
Latest NW8 mega-deal revealed in official records.
Knight Frank launches ‘second phase’ of broker recruitment drive
The big-brand estate agency has received 130 enquiries from would-be self-employed brokers so far, with eight being appointed in the last eight weeks.
Super-prime buying ‘flurry’ drives London’s £5mn+ market
New analysis reveals how many high-value sales went through in Q2, plus which outer-prime neighbourhood has joined London's top three £5mn+ enclaves for the first time.
Knightsbridge developer cuts resi for hotel & spa scheme
RBKC has approved a PLP-designed hotel/spa on Pavilion Road, replacing an earlier mixed-use consent with apartments.
Resi developer’s global survey reveals ‘what the world thinks of London’
London Square research finds the capital leading the pack for careers and resi investment, with overseas sentiment more upbeat than the domestic narrative might suggest.
Veteran sales director joins Douglas & Gordon
Former Aspire, KFH and Fine & Country operator joins London agency's self-employed network.
Super-prime agent vents fury at ‘ransom note’ portal bill
Trevor Abrahmson has shared Glentree's internal numbers to highlight how much each lead costs.
International buyer picks up £7.9mn St John’s Wood pied-à-terre
Longstanding listing changes hands as wealthy buyers continue to target large family homes in NW8.
Property Vision appoints Sandy Mitchell as Non-Exec
Top-flight buying agency adds well-known prime resi name to its panel of business advisors.
LATEST ARTICLES
Trade body piles onto ‘mansion tax’ consultation
Propertymark says ministers still have big questions to answer on valuations, enforcement and who ultimately pays the charge - and warns against hitting non-UK resident owners with an additional surcharge.
Simon Deen: Why good agency matters more than ever
Following a run of successful sales in NW London, boutique estate agency founder Simon Deen explains what it takes to keep top-end transactions on track in a difficult market.
‘Postcode Price Gap’: Bank encourages buyers to look beyond established prime addresses
Major mortgage lender says 'homebuyers can save up to 47% by looking next door to the UK's priciest postcodes.'
High-profile buying agency toasts 20 years in business
Sloane Square-based firm reveals acquisition record and says industry shifts have made the market 'increasingly difficult' for buyers to navigate.
Historic St James’s gatehouse offered as quirky office with overnight accommodation
Wetherell is listing the Grade I listed building on Arlington Street at £7.6mn.