Main image: Capital Economics expects "a sizeable real terms fall in house prices, though less severe than in 2008-2009"
Why the UK’s housing slump may be ‘less painful’ for the wider economy than last time
Capital Economics expects house prices to fall by 10-15% - but the impact on the wider economy may not be as severe as in previous property market downturns...
What to read next
Ranked: Which UK housing markets are primed for the biggest price rises in 2025?
Many prime markets are set for slower growth, predicts portal.
By PrimeResi
Knight Frank predicts ‘a sober 2025 for global prime housing markets’
Dubai, New York, Geneva and Paris are likely to see top-end residential values rise next year, but other international wealth hubs could see prices fall.
By PrimeResi
Lloyds reins-in house price slump expectations
Lloyds Banking Group now expects average UK house prices to end 2023 5.6% lower than they started the year, with a 'best case scenario' of -3.3% and a 'severe downside scenario' of -9.3%.
By PrimeResi
Companies in this article
Capital EconomicsMost read
Brokerage pulls off £48mn Belgravia hat-trick
Big-brand agency defies tough market conditions to complete three super-prime deals in as many weeks, as younger international wealth turns its attention to one of PCL’s traditional strongholds.
Luxury London developer falls into administration
Begbies Traynor appointed to boutique firm behind a number of top-end resi projects across the capital.
Strutt & Parker recruits PCL heavyweight to head Knightsbridge & Belgravia office
Jonny Fieldman has moved from Knight Frank to lead Strutt's Sloane Street operation, as the agency continues a high-level hiring spree in the capital.
By PrimeResi
Knight Frank adds four more London brokers to affiliate network
Latest recruits take on key patches across South West, West and North London as agency presses on with rollout of its US-style broker model.
£500mn RBKC scheme ‘back on track’ after Ardmore collapse
Construction restarts on 462-home project under new main contractor as developer reports nearly £40mn of early off-plan sales.
Knight Frank bolsters London-based Turkish team
Two new recruits join as agency reports ‘significant’ flow of capital from Turkey into the new homes market.
Regent’s Park trophy home hits the market at £15mn
Grade I listed residence comes with views over the park and its famous boating lake - and towards one of the most expensive properties ever sold in the UK.
Deal sealed on £15mn Claudio Silvestrin-designed Hampstead villa
The near-8,000 sq ft LA-style residence, described as the ‘epitome of minimalist cool’, went to a European family relocating to London.
Zara billionaire picks up Marylebone rental block for £150mn
Amancio Ortega's Pontegadea has made a notable play in London's built-to-rent arena.
By PrimeResi
Super-prime fit-out specialist eyes £100mn turnover amid resi push
130-year-old firm behind interiors at The Peninsula and The Londoner expands residential offering with three of London’s most anticipated luxury schemes in the works.
LATEST ARTICLES
Major agency reins in long-range PCL forecast
Strutts now expects cumulative growth of just 4.4% by 2030 - down from 9%-12% at the start of the year - but sees downward pressure easing in 2027.
Reality check: will ‘mansion tax police’ really be inspecting homes?
There are significant issues with the roll-out of the incoming High Value Council Tax Surcharge, but recent headlines seem a bit excitable.
By PrimeResi
RBKC vs Westminster: What do the latest ONS numbers really tell us about PCL?
Westminster prices are apparently down by a quarter and RBKC by 15% - but the detail tells a rather more nuanced story.
Berkeley teams up with Rise Art for Camden Goods Yard showcase
Online gallery collaboration 'explores how art can be integrated into the context of a home, responding directly to its architecture and neighbourhood,' says curator.
By PrimeResi
Ranked: Commuter belts with fastest-rising property values
Rightmove analysis confirms easing house prices in higher-value areas.
By PrimeResi