fbpx
Contact us

Register your interest



    If you would like to receive exclusive news and offers from GIHLondon, please select your preferred method of communication below:
    CallEmail
    If you would like to receive exclusive news and offers from GIHLondon, please select your preferred method of communication below:
    CallPhone
    This individual has agreed to the terms and policies

    I have read and agree to the Privacy Policy and Terms & Conditions*

    < Close
    Home > News > The 2021 International Property Recovery from COVID-19

    The 2021 International Property Recovery from COVID-19

    Tuesday, March 16, 2021

    Liam Bailey, global head of research at Knight Frank announced the re-analysis of 20 major international cities in the light of the COVID-19 crisis.

    It emerged that 16 of these cities will see flat markets in 2021 or low drops – up to 5%.

    Only four cities will see rises in their property markets, of which London and Lisbon lead the pack.

    Political certainly in UK brought about by the General Election last year boosted confidence in the London housing market making the outlook the best it has been for many years.  This will make the city see a revival in growth in 2021.

    Most analysts expect a recovery in London through 2021 and beyond.

    CBRE have predicted that pent up demand will increase activity.

    Chestertons and Savills believe London will lead the 2021 recovery.  Chesterton’s expect 3 to 4% growth in Central London.  Savills expect 15% growth over the next five years.

    Nationwide’s chief economist, Robert Gardner sees prices rebounding after the crisis thanks to good economic measures the government has put in place during the pandemic which will help businesses, buyers and homeowners.

    Lisa Bathurst, International Property Expert at Hurts and Wills states “The fundamentals of property investment still apply”.

    There is an undersupply of housing in the UK and the government remains committed to addressing this.  With very low new build rates coming through in 2020, low inventory and low interest rates, it is less likely that we will see price falls.

    The strong growth we saw before the crisis has provided a solid foundation for the market to bounce back on.

    Share this article

    London Estate Agents / Enquiries / Sales

    Tuesday, March 16, 2021

    Nationwide expect a sharp recovery in UK house prices. Rics state that in their April survey sales levels will rebound to their previous levels within 9 months. The overall consensus is one of growth now. Given recent upheavals, it...

    Read more
    Invest In London With GIH

    Why invest in London?

    London has one of the world's top performing investment property markets which is forecast to continue its growth for the foreseeable future.

    Find out more
    Enquire about our investment opportunities in London
    Enquire Now