May 5, 2022
After a seismic shock, surprising resilience
The real estate sector roars back to life
From the beginning, the COVID-19 pandemic has defied almost every economic prediction. In March 2020, stores, restaurants and offices emptied out with astonishing swiftness. The stock market tanked and jobs quickly disappeared. But what many Americans feared would be a long and devastating economic downturn didn’t happen. The economy—along with the real estate sector—bounced back in record time. Output’s already above pre-COVID-19 levels and jobs could recover to previous levels by early 2022.
Price rises predicted to ease, but increases in 2021 still may make it difficult for first-time buyers.
The year ahead could bring more stability to the UK housing market after a bumper year in 2021 when frenzied homebuyer activity pushed prices to record highs.
A stamp duty holiday that ended in 2021 helped to fuel about 1.5m house purchases across the UK last year, the highest number since before the global financial crisis.
January 27, 2022
by – Knight Frank
This year’s UN Climate Change Conference, better known as COP26, meets this week in Glasgow, bringing together almost every country on earth in an effort to tackle climate change. Our expert research teams analyse how the world of real estate is adapting and how the property market will look in the future.The average London home will cost £626,000 by the end of 2026 as office workers revert to prioritising proximity to the office and amenities, with demand highest to live in London’s leafy urban villages. This price inflation out-paces national house price growth of 20 per cent over the same period to £324,000, according to a new forecast.
Environmental Social and Governance issues are influencing the built environment, as well as investors, who are increasingly considering these non-financial factors as part of their business strategy.
We get market-leading insight from the research team into these factors influencing change in the property market and examine how the world of real estate is responding.
by – Evening Standard
Here’s what the house price forecasters are saying now — and what it all really means.
The average London home will cost £626,000 by the end of 2026 as office workers revert to prioritising proximity to the office and amenities, with demand highest to live in London’s leafy urban villages. This price inflation out-paces national house price growth of 20 per cent over the same period to £324,000, according to a new forecast.
December 13, 2021
However, the sector has overcome these and has also been “turbocharged” by the Stamp Duty holiday.
With this as the backdrop, it looks set to harness pent-up demand and grow more consistently next year.
October 11, 2021
by – Emma Simpson
The figure highlights the extent of the upheaval in the High Street as the Covid pandemic sped up changes in shopping habits.
The data, compiled by commercial property information firm CoStar Group, also reveals that more than two-thirds of these shops remain unoccupied.
Some 237 big stores have yet to be taken over by a new business.
“The data undoubtedly highlights the acceleration of change in the retail sector in recent years, which the pandemic has only exacerbated,” said CoStar Group’s head of analytics, Mark Stansfield.
Robert Jenrick had argued reforms would ‘bridge the generational divide and create an ownership society’
The government is poised to abandon key elements of its “radical and necessary” overhaul of England’s planning laws – which ministers argued would “help us build the homes our country desperately needs” – following a backlash from Tory MPs and voters in the south, according to a report.
More than a year ago, the housing secretary Robert Jenrick announced his intention to replace the planning system in use since just after the Second World War with reforms which would “provide secure housing for the vulnerable, bridge the generational divide and recreate an ownership society”.
September 21, 2021
Discover what the pandemic means for buyers, sellers and homeowners
The UK property market has enjoyed a boom of late, with house prices rising by 8% year-on-year – but there are signs that the market may have peaked. A temporary cut to stamp duty rates resulted in soaring prices, but the latest data from July shows that month-to-month price growth fell 3.7% since the 30 June tax break deadline. Here, Which? explains what’s happening to house prices and provides advice on making an offer on a property in these uncertain times.
July 16, 2021
In March, as the pandemic began to spread, people who work in data centres were added to the government’s list of key workers. It shows how far data centres have come that a once specialist and obscure real estate sub-sector has become one of the most sought-after, as use of technology rocketed during lockdown.
Already growing demand has soared, fuelled by a surge in digital data to facilitate connections for businesses in a home-working environment, for video streaming, increased social media activity and downloaded content for home entertainment.
Couple this with the fast-growing trend for businesses to move their IT functions into the cloud, and estimates that the data centre market could grow by 15% a year between now and 2024 don’t sound unrealistic.