2020 property trend predictions
Following on from our 2019 review, we’re taking a closer look at some of the key themes and topics that could affect property sectors throughout 2020.
Optimism returning to the market
The definitive outcome of December’s General Election has raised optimism amongst property experts, with Rightmove predicting a 2% increase in house price value on the residential market. Additionally, it is expected that further clarity of the UK’s political landscape will provide sellers with the encouragement needed to put their properties on the market, helping to release more stock in an improved response to the significant demand issue.
Not just affecting the consumer market, it will be interesting to see how investment is affected and whether some firms, that had previously hesitated to diversify into others sectors, put a foot forward.
A prevalent theme across the wider UK landscape has, of course, been the environment and efforts in sustainability. A recent PwC survey found that climate change is seen as one of the biggest factors affecting real estate over the next 30 years, with 73% of respondents expecting it to become a greater risk within property portfolios in the next five years.
With increasing pressure from charities, campaigners and consumers to reduce negative impact immediately, we’re predicting that 2020 will be a big year for investors responding to consumer demand with action.
Mobility and conscious design
The PwC report also highlights a key trend in how investors and developers approach mobility in the design and positioning of buildings and zones moving forward. Investors, developers and operators will need to carefully consider how their assets best serve the needs of different types consumers within their communities.
As well as considering how residents, tourists and workers make decisions based on proximity to transport and other local amenities, we’re expecting to see increased utilisation of smart solutions and mobility technology to improve facility use for those with accessibility needs.
Continuation of blurred boundaries
In recent years, we’ve seen an increase in mixed-use developments springing up, blurring the boundaries between traditional residential, alternative resi and commercial markets. As the way citizens use transport and local amenities develops, investors are considering different types of plot or developments as they assess evolving needs.
Additionally, with these changes come the expectations of consumers as residents or homeowners, so many investors are having to diversify offerings to attract residents and provide desirable facilities for long-term returns.
Our 2020 events programme will kick off with the London Resi Conference on Tuesday 3rd March. You can book your place via our website or click here to receive reminders and updates via our email newsletters.