UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming "shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets", warns the Centre for Economics & Business Research.
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.
House prices are likely to fall by 7% as a result of Covid-19, predicts Oxford Economics - but the risks are "heavily skewed" towards much, much bigger price falls of almost 40%...
"The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months," says RICS' Chief Economist …
Companies in this articleCEBR
Aldar Properties says its first acquisition outside of the MENA region provides 'a meaningful foothold in the diverse and dynamic London property market,' with financial heft that will give London Square…
The five artists' studios in SW6 have 'scope for a range of potential future uses,' says Savills.
Rachel Mason will be in charge of identifying new investment opps in London and across the UK for the Australian developer, as it targets a billion-pound pipeline.
From strategic hires to the rise of self-employed agents: Andrew Deverell-Smith on the real estate recruitment trends to watch
Is it time to hunker down or level up? Recruitment guru explains how top property firms are taking different approaches to challenging market conditions.
Ex-Chestertons director Glynn Gibb steps up at the high-end estate agency.
YouTube star & luxury real estate agency team up to showcase the '$1bn' Chateau Du Champs De Bataille in Normandy, which is now up for rent.
Across the 173 cities analysed by the Economist Intelligence Unit, cost of living prices have risen by an average of 7.4% in the last year.
Conditions are 'highly-competitive' at the top-end, reports Beauchamp Estates, with multiple serious tenants often vying for the same property...and the victor happy to pay one or two years’ rent up-front.
The MBO is a 'confident move to accelerate growth', say the property consultancy's new owners.
Adam-designed trophy home has been 'reimagined for 21st century living' by MSMR Architects and 1508 London, at a total cost of nearly £50mn.
The signs increasingly point to a bounce next spring, says Knight Frank's resi research boss - provided a general election is not called in the first half of 2024...
By Tom Bill
Luxury agency announces another big-name hire as dramatic scaling-up continues.
Mapped: where house-building is falling short of new housing need