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
International buyer secures ‘one of the best mansions in Belgravia’ in another pre-Budget mega-deal
Grand 1901 townhouse on Lygon Place, asking £21.5mn, was formerly the Italian Embassy & Defence Attaché.
£80mn mansion sale reported in Chelsea
American fashion mogul linked with 'UK’s most expensive deal of the year'
Super-prime London property agency launches Marbella outpost
Gary Hersham's Beauchamp Estates is opening a fifth Mediterranean office.
By PrimeResi
Knight Frank reports £162mn pre-Budget deal surge
'It was all-guns-blazing last week', reports London resi sales boss Rory Penn.
Prime London property agents expect ‘surge’ of American enquiries as Trump returns to the White House
Luxury property advisors report increased interest from wealthy Americans looking for residences in the UK.
By PrimeResi
London’s super-prime market ‘remains resilient’ as international buyers secure trophy homes
£10mn-plus deals were flowing in PCL during Q3 as top-end purchasers reacted to some political certainty.
Why the US election could ‘open the flood-gates’ for international real estate investment
'This coming US election will be more than just a decision on leadership - it could signal a new phase of high demand for international real estate,' says Parisian buying agent Susie Hollands.
Grand townhouse near Harrods heads to auction, guided at £9.25mn
Grade II six-storey specimen is one of the largest on Knightsbridge's Montpelier Square.
Charles Curran: ‘It is still business as usual’ in PCL despite the Budget’s ‘selection of crackers taxes’
Last week's Labour Budget was 'driven by ideology, penalising those they simply did not need to tax or tax further,' argues top-end estate agency boss Charles Curran.
Corporate relocation agency launches private clients division
Belgravia-based R3Location now provides personal property search & acquisition services, in addition to its established corporate relo offering.
By PrimeResi
LATEST ARTICLES
The Buying Solution boosts London & Country teams with senior hires
Top buying agency adds two new partners.
By PrimeResi
Buyer sought for ‘one of the most iconic & expansive properties in the South of France’
Previously listed at €80mn, Villa Alang Alang is going to best bids later this month, with the price tag reduced to €45mn.
Rightmove reports stronger than expected ad revenue
But membership growth is at the low-end of projections.
By PrimeResi
Katharine Pooley: Eight property & design trends to watch this winter
'The new luxury is less about square footage and more about convenience'
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes