Why house prices are unlikely to crash next year
There is an assumption that when the furlough scheme ends, unemployment will spike and house prices will crash. However, 2021 is likely to be far less straightforward, writes Tom Bill...
Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.
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.
By PrimeResi
Top-end country house prices have soared by 16% in the last year
Country homes valued at £5m+ saw average prices surge by 7.3% in Q1, taking the annual rate of price inflation to a blistering 15.8%.
By PrimeResi
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.
By PrimeResi
Companies in this article
Knight FrankMost read
Strutt & Parker launches broker team to ‘super-charge’ prime London business
Exclusive: After six months building a crack team of PCL brokers, sales chief Claire Reynolds has unveiled a new 'hybrid' operating model that promises to 'redefine agency' in the capital.
By PrimeResi
OB Private scales up with senior hires & new brokerage arm
Six new recruits arrive - including an established team from Chestertons - as PCL agency rolls out broker platform alongside employed structure.
Savills appoints new lettings heads in Surrey
Agency strengthens Cobham and Guildford teams as regulation reshapes the rental landscape.
Grant J Bates Property installs new lettings boss
Ex-Hamptons associate director to spearhead prime lettings push at fast-growing luxury brokerage.
Talking Heads: How a cyber-attack put the PCL property sector in limbo
PrimeResi hears from some of the capital's top property brokers, lawyers & developers, about how November's IT hack exposed a fragile planning system, put transactions on ice, and continues to cause 'havoc'…
By PrimeResi
House Collective adds Hamptons veteran as London expansion gathers pace
Alister Shaw and Paul Davis bolster boutique firm’s West and North London teams.
Ex-Savills & JLL duo take on Winkworth franchise in north London
Seasoned operators acquire Crouch End outpost & eye expansion.
‘A celebration of craft, materiality & artistic expression’: Inside The Whiteley’s latest design collaboration
With more than three-quarters of apartments now sold, the Bayswater landmark unveils another 'Designer Collection' apartment, created by Irish interiors maven Maoliosa Murray.
By PrimeResi
Cohort agrees £20mn loan against £56mn Mayfair home
Big-ticket refinancing was agreed in only three weeks.
By PrimeResi
Heaton returns to LCP Private Office as Executive Chair
PCL big-hitter 'steps aside' from hospitality venture The Other House; takes up exec role at the buying agency she founded in 1990.
LATEST ARTICLES
Battersea Power Station logs £30mn in early-2026 reservations
Development team reports renewed activity as marquee Sky Villas secure buyers.
Boutique comms team picks up St John’s Wood Square brief
Ebury Comms to lead global communications for 5.5-acre super-prime project in NW London.
UK HPI Industry Reactions: Annual house price growth slipped to 2.4% in December
Regional disparities persist, with London property values falling by 1% through 2025, according to the latest official house price index.
By PrimeResi
HMRC hiring spree to handle mansion tax valuations
Tax office recruits 1,000 valuation officials to help implement 2028's High Value Council Tax Surcharge.
By PrimeResi
Prime London Property Market Snapshot: Week 07, 2026
41% fewer sales were agreed in Week 07 2026 compared to the same seven day period last year, and 25% fewer in the year to date.
By PrimeResi