housing market forecast

Sales forecasts are revised down slightly after the Budget while rental value growth is expected to increase marginally.

We have revised down our expectations for the sales markets but rental value forecasts have risen.

Supply is rebuilding more gradually than anticipated, which means house price growth is expected to end the year in high - rather than mid-single digits.

Latest forecast indicates UK price growth will return to single digits this year although the pace will pick up in prime central London as global travel resumes.

Expectations for mainstream property markets have turned more positive following the Budget last week. However, travel restrictions mean the recovery in prime central London may take longer

We have revised our forecasts down for 2021 in light of the third national lockdown and the prospect of travel restrictions that remain tighter for longer.

What next for UK house prices, the vaccine roll-out and China's recovery

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.

Record economic growth, the office market revival and house sales surge

The prime minister has warned of a difficult six months ahead due to Covid-19. Below are six key issues for the UK property market as winter approaches.