• The key annual Conference for the London Resi Market returns on 6th March....
  • Join hundreds of delegates from both Private & Public Sectors at the Affordable Housing Conference on 19th March....
  • The Market Leaders in Student Housing from across the Uk, Europe & Globally gather in London on 14th May

Events Diary

London Resi Conference 2019

Wednesday 6th March 2019

Affordable Housing Investment 2019

Tuesday 19th March 2019

Student Housing 2019

Tuesday 14th May 2019

latest news

How is residential development changing in London?

After a peak in mid-2017, the London Residential property market is facing strain as low affordability and falling house prices contribute to a slow decline. A recent sales report by Molior London found that, removing Build to Rent figures from the picture, the London new homes market sold fewer units in the inner-city area in 2018 than every year since 2012. With these statistics in mind, we’re taking a look at how residential development in London continues to change.

2019 UK property predictions: Brexit, house prices and market growth

Amid a tumultuous year for the UK property market, the words on everybody’s lips continues to be Brexit and what it means for investment, developers and would-be buyers in 2019 and beyond. We’ve examined some of the latest predictions from property experts to bring you an up to date forecast of what you can expect in the new year.

How will new viability assessment rules affect developers?

Earlier in the year, the UK government’s announcement of new planning rules and viability guidance came amongst a bid to increase the quantity of affordable housing amongst the UK housing crisis and crack down on developers that have used viability loopholes to reduce affordable housing quotas. We’ve examined the now published rules in further detail to understand the impact on developers.

2019 UK property predictions: Brexit, house prices and market growth

Economic uncertainty contributing to slow growth

Recent data from the Halifax shows that annual growth in UK house prices has slowed to its lowest rate for five years. Going into 2019, it’s looking unlikely that this is going to change, due to uncertainty around the current UK economy and wider climate, as well as low availability of new and existing properties for sale. Experts are predicting a stagnate in house prices and fall in sales, with the Royal Institute of Chartered Surveyors (RICS) expecting house sales to drop by 5%.

Whilst this can be partly attributed to the uncertainty around Brexit, leading to a significant lack of confidence amongst buyers and sellers, some experts point towards lower levels of affordability across the market, and wider economic environment in general, as a result of rocketing property prices over recent years – particularly in London and the South East. Whilst Savills has forecasted strong growth in the north of England over the next five years, a Property Wire analysis shows demand and turnover in London stagnating which, coupled with increases in property tax, could mean foreign investment in London will start to drop.

Could proptech change the property market?

Another prediction for 2019 comes off the back of the success of digital agents such as Purplebricks. Techworld recently named them as one of the top 15 innovators in the proptech world that’s changing the face of the UK housing market and it seems a trend for 2019 will see other agents within the sector moving forward by adopting digital innovations.

The key driver for this will undoubtedly be buyers’ demand for keeping costs down throughout the property purchase, as well making the process faster and more efficient, which will leave many vendors with little choice but to adapt in order to keep up with their competition.

Will holidaying at home become the new norm?

Interestingly, despite a possible dip in foreign investment in cities such as London, regional director of Stacks Property Search, James Greenwood, predicts that location of UK properties could well provide an advantage to British tourism in 2019, as investors hurry to join the growing Airbnb market. Depending on whether a Brexit deal is soon established and the fragility of the British pound, the holidaying at home trend looks like it’s one to continue further into the new year.

Investors may also find opportunities within larger rural properties, as demand for these lots has been slowly on the rise. As we touched upon in our micro home blog, this comes as a trend for more environmentally-conscious properties has increased, with properties on rural land often providing more opportunity for ensuring energy efficiency and future-proofing.

Despite a misty outlook for the UK property market in the new year so far, it’s not all doom and gloom for investors and developers. With opportunities to adapt to new technologies or snap up large, rural properties for development or British tourism, it seems the market remains somewhat resilient for those willing or able to take the risk.

If you’re interested in receiving insights into the UK property market, as well as information and reminders about our upcoming leading property conferences, sign up to our newsletter to receive it straight to your inbox.

Posted: 18/01/2019
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