Residential forecasts

"It’s fair to say that from both an economic and political perspective it’s been a tumultuous couple of years."

"Above all other things, the speed at which costs of mortgage debt fall and housing affordability pressures ease holds the key to house price movements over the next five years. "

"When we last forecast in 2022, we thought that we were in the late stages of a typical housing market cycle, that had been disrupted by the behavioural changes brought about by the pandemic. "

"The housing market has been a roller coaster over the past several years."

"The private rented sector has been tough for many in 2023. "

"Given performance since 2014 it is easy to forget that the fundamentals of what attracts buyers to central London remain strong; business, connectivity, tourism and education. "

"Higher debt costs have had a more significant impact across outer prime London, when compared to equity-driven central London. "

"Divergence in mortgage affordability will drive regional differences in price growth"