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...
Head of UK Residential Research at Knight Frank
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.
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%.
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.
Companies in this articleKnight Frank
Shell and core penthouse picked up in sales surge at luxury Westminster scheme
11 units were sold in a seven-day, £32mn flurry at Northacre's The Broadway.
Bayswater ‘well on the way’ to catching up with its prime London neighbours
Values are on the rise in the neighbourhood to the north of Hyde Park, along with its profile, as a trio of 'game-changing' schemes take shape.
Top-end property agency to open flagship Mayfair showroom as new owner looks to ‘transform’ luxury market
UK Sotheby's International Realty is rolling out some 'transformative' changes - including three new high-profile locations - designed to 'reshape the way exclusive real estate is bought, sold & rented'…
JLL buyout creates new estate agency
JLL's offices in Manchester, Leeds and Liverpool are now operating as 'Kingsdene', following a buyout by Louise Emmott, Oliver Dolan and Lynsey Smith.
‘One of the capital’s finest residences & a piece of British history’: Ultra-prime Winch-designed penthouse unveiled at The OWO
Buyer sought for 7,700 sq ft 'jewel in the crown' at reworked Whitehall landmark.
Chestertons recruits Foxtons’ Ops Director to lead Kensington sales
Seasoned PCL estate agent Ian Barrett has moved from Foxtons to Chestertons on Kensington High Street.
American family rents Hampstead ‘castle’ for £250k pa
Estate agency reports a flurry of high-value deals involving American money, including a tenant who paid nearly quarter-of-a-million pounds up-front for this Windsor Castle-inspired home in London.
‘Sticky’ PCL set for deal drought as buyers & sellers enter deadlock
It will take time for vendors to accept the fact that buyers are far more price sensitive these days, says Black Brick.
Georgian mansion in Clapham with Rose Uniacke interior seeks £19.5mn
1805 villa is one of the finest homes in the area, say agents.
In Pictures: Banda reveals ‘showstopping’ New York penthouse in the landmark Steinway Tower
Edoardo Mapelli Mozzi takes us on a tour of his latest project: a sky-high apartment overlooking Central Park that's expected to hit the market with a US$54.6mn guide price.
Does this all sound gloomy? Charlie Ellingworth on how the prime property landscape is being reshaped
‘London’s original loft specialist’ estate agency rebrands
Hamptons-owned estate agency Urban Spaces has a new look.
Major lender pauses mortgage deals for new customers
HSBC has pulled home-buying products after a surge of enquiries as borrowers look to beat another interest rate hike.