UK house prices predicted to not rise in 2021

In the last couple of years, the UK housing market has been beset by Brexit and existing affordability barriers. Photo: Getty
In the last couple of years, the UK housing market has been beset by Brexit and existing affordability barriers. Photo: Getty

As the coronavirus crisis hammered almost every sector and plunged the UK economy into its deepest recession, the housing market, which came to a complete halt during the lockdown, managed to bloom after reopening in May, according to Hamptons International Housing Market Forecasts (HIHMF).

The latest data for September indicates that the property market has remained buoyant, with the average home selling for a record high of 99% of its initial asking price.

Hamptons expect house prices in the UK to rise 2.0% in 2020, up from 0.9% in 2019. It predicts a 3% rise in Wales followed by a 2.5% increase in London, home prices in Yorkshire and the Humber and the North West are also expected to rise by 2.5%, with the latter expected to see the strongest house price growth in 2020.

But, there is less optimism going into the new year as many economic deadlines, such as Britain’s departure from Europe on 31 December loom. COVID-19 fallout is also likely to disrupt the housing market’s upward trajectory.

Meanwhile, the research suggests that the second quarter of 2021 could see a fall in house prices, assuming that the stamp duty holiday ends in March.

It forecasts the UK housing market and economy to make some gains and stabilise by the end of 2021. With prices expected to remain flat if the availability of mortgage finance returns to near pre-COVID levels.

READ MORE: Coronavirus: ‘Unprecedented’ surge in property sales as English market reopens

The regions with the most job losses where affordability barriers are already tight will see a small price fall. The West Midlands — the area with the highest furlough take-up rate at the peak — is set to see a -1.5% fall in 2021 — the biggest price decline. London is expected to see a -1.0% falls, while the East Midlands could see a -0.5% drop. Meanwhile the remaining six regions will see prices rise between 0.0% and 1.0%.

House price forecasts. Chart: Hamptons International
House price forecasts. Chart: Hamptons International

For 2022 and 2023 Hamptons predicts the housing market to go back to its “longer-term growth path” with property prices expected to increase across all regions by 2.5% and 3.5% respectively. The rise is predicted to be in line with household incomes and is supported by low interest rates.

With the greatest price growth expected to come from areas where affordability barriers are not a big issue, Hamptons says these are “typically from the regions where prices have lagged behind.”

Prices in the North East are expected to rise by 4% in 2022, with those in Scotland by 3.5%.

Southern regions, where many people can’t afford to buy a home, will see the weakest price growth in 2022.

Over the four-year period, the West Midlands is expected to record the weakest house price growth, due to the impact of the coronavirus crisis on the local economy, with

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Tensions rise in the house as Tyler makes a HUGE decision

CBS

If you’ve been keeping up with the live feeds at all, you know it’s been a tumultuous, tension-filled few days in the Big Brother house. Things were already a little heated when Christmas nominated Bayleigh and Da’Vonne to go home — Bayleigh in particular felt betrayed because she thought they had a good relationship, but there’s also the tension that comes with more POC players being targeted and picked off by a big group, which has happened in multiple seasons. But tensions started boiling over after the POV competition, when a number of things happened to create a combustible situation. I’ll be talking plenty about the live feeds, most of which will probably be in tomorrow’s recap because that’s when most of the controversial stuff goes down, but for now let’s dig into what we see in the episode, including the POV competition, and how that leads to a rather uncomfortable house.

After the nomination ceremony, Bayleigh is pretty upset. She tells Da’Vonne she’s ready to go home. It seems like she and Christmas connected on a game and personal level, so she feels betrayed. She’s sick of it all, and especially sick of battling against the main group for a shred of power. So, Bayleigh goes to talk to Christmas about why she was put up, and Christmas is in tears, super-emotional about the whole thing. Things get very complicated later, in terms of emotions and motivations and optics, but this is the beginning. Christmas playing victim rubs Bayleigh the wrong way; she’s frustrated that she thought she had an ally and now she has to comfort her when she’s the one on the block and possibly going home.

This is where Tyler gets tossed into the mix, and he’ll be important to a lot of the drama later. He’s very clearly been playing with everyone in the house, much like he did on his previous season, and now it’s starting to cost him. He’s stretched thin trying to keep everyone happy, and people are starting to catch on that he has some sort of deal with everyone. So Da’Vonne tells Dani and Nicole about Tyler throwing Dani under the bus and saying she wanted to target Bayleigh and Da’Vonne, which sends Dani to Christmas to suggest that Tyler is trying to make sure the girls all hate each other and don’t form an alliance against the guys controlling the game. As always, there’s a ton of half-truths and faux loyalty here. All this talk will eventually lead to something happening because the Committee members will have to turn on each other at some point, but for now they’re in control and it doesn’t look like much is changing.

That brings us to the veto competition. Christmas, Bayleigh, Da’Vonne, Dani, and Nicole all line up to start, while Ian, who was chosen to play, has to sit out for medical reasons. The players are gathered at a makeshift track. They must get into a runner’s starting

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Coronavirus: Hertsmere infection rise ‘due to teenage house parties’

County Hall, HertfordImage copyright
Geograph/Jack Hill

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Hertfordshire Borough Council said the rise in cases in Hertsmere was “significant”

Large house parties attended by 16 to 19-year-olds were to blame for one of the biggest rises in coronavirus cases in England, a council said.

Hertsmere in Hertfordshire had the third highest rate of infection for any area outside the North West.

The borough council warned schools may close if residents do not “get a grip”.

Hertsmere, which has a population of just under 105,000, recorded 60 positive cases of Covid-19 in the seven days up to 4 September.

‘Stern warning’

This gave the area, which includes Radlett, Bushey, Elstree and Borehamwood, 57.2 cases per 100,000 of the population.

Only Birmingham, Bradford and some areas of the North West had a higher per 100,000 infection rate.

The week before the 60 positive cases were recorded in Hertsmere, there were only 13 cases.

Tim Hutchings, the councillor responsible for public health at the council, said the rise in cases in Hertsmere was “significant”.

He said the outbreak was among a “group of young people in a number of large social gatherings in private homes in the last week of August”.

Conservative Mr Hutchings said the council had written to parents of children at schools where fellow pupils were self-isolating with a “stern warning: stop these house parties and private events or face enforcement action of up to a £10,000 fine”.

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Coronavirus: House party concerns amid rise in cases

Party shut down in LeedsImage copyright
West Yorkshire Police

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Police and the council issued seven fines to organisers of illegal raves last weekend

Young people in Leeds are being urged to take responsibility for controlling the spread of coronavirus following an increase in house parties in the city.

Leeds was added to the Public Health England areas of concern as Covid rates rose to 32.5 cases per 100,000 people.

Council leader Judith Blake said there had been an increase in music events, house parties and illegal raves adding fines of £10,000 were being given.

She urged caution at a time when university students were set to return.

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The city council said infections were broadly spread across its local communities, suggesting they were linked to social and leisure activities rather than single sites – with increasing numbers among people aged between 18 and 34.

Ms Blake said it was premature to talk about a lockdown at this stage but the city was approaching a tipping point and restrictions would be considered.

“Unfortunately we have seen a rise in house parties, but we are working with police,” Ms Blake said.

“Last weekend we issued, with the police, seven of the £10,000 fines for organisers of illegal raves.”

‘Bit of complacency’

The fines are part of newly-introduced legislation aimed at deterring illegal music events.

Elsewhere in West Yorkshire, Bradford, Kirklees and Calderdale feature on Public Health England’s watchlist of areas that have seen infection rates increase.

Police issued a photograph of one event was shut down last weekend in Kitson Road, Leeds, following reports that it was in breach of coronavirus restrictions.

“We feel there is a bit of complacency coming in,” Ms Blake said.

“This virus isn’t going to be contained just among younger people.

“The fact is that the social distancing measures have been working, but if we relax and it starts to spread back into the older more vulnerable communities we are going to see increased hospitalisation and all the things we saw at the beginning of the virus.”

She said the council had been working with the universities ahead of the return of students later this month.

“We want to really get across that the virus is still with us,” Ms Blake said.

The West Yorkshire city has been named alongside South Tyneside, Corby, Middlesbrough and Kettering as an area for concern.

Wakefield, Neward and Sherwood, and Slough were all removed after case numbers fell.

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