Tag: Knight Frank
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Government Red Tape Slash Sparks Office-to-Flats Conversion Bonanza!
Developers are rushing to turn dreary offices into desirable flats. Thanks to a rule change back in March, converting big commercial spaces into residential pads is easier than ever, with thousands of potential homes in the pipeline. New figures from property experts Knight Frank show that applications to transform large, unused offices into flats have…
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Build-to-Rent Market Booming with £3.2 Billion Invested This Year
Property developers and investors are cashing in on the booming Build-to-Rent (BTR) market, with £3.2 billion poured into the sector already this year, according to a new report by property consultancy Knight Frank. The report, which provides a snapshot of the BTR market in the third quarter of 2024, reveals that investment hit £640 million…
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What Students Want from Accommodation – Opportunity for Property Investors?
Students Crave Affordable, Secure Housing with Top-Notch Wellbeing Support A new report reveals that 65% of university applicants consider the availability of suitable accommodation when choosing where to study. This highlights a golden opportunity for landlords and property investors to cater to the growing demand for student housing. Affordability Crisis Drives Demand for Purpose-Built Student…
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Rich Buyers Uncertain About Buying Prime London Homes
Nervous millionaires and billionaires are putting off buying luxury London homes as they wait to see what will happen in the next Budget. The number of homes sold in London for over £10 million has fallen by nearly a quarter (22%) compared to last year, with experts blaming uncertainty about tax changes. Many wealthy buyers…
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Overseas Investors Flock to Scottish Property Market Since Referendum
New research shows that international investors are pouring money into Scotland. The Scottish commercial property market has seen a major shift since the 2014 independence referendum, with overseas investors now the dominant force. This is a prime opportunity for UK developers to get in on the action. International Investors Take the Lead Research by Knight…
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House Prices Climb as Buyers Shake Off Summer Slump
Good news for sellers as asking prices see biggest jump in years, but experts warn the ‘cost-of-living’ Budget could cool things down. The average price tag on a home has jumped by almost £3,000 this month, according to the latest figures from property website Rightmove. This 0.8% rise, pushing the average asking price to £370,759,…
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Rents Set to Rise as Tenant Demand Outstrips Supply
New figures from the Royal Institution of Chartered Surveyors (RICS) show tenant demand is booming, while the number of properties available to rent is falling. The Perfect Storm for Higher Rents The RICS Residential Survey paints a clear picture: tenant demand is up, with a net 11% of surveyors reporting an increase. On the other…
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House prices climb closer to record high – Halifax
UK house prices are on the rise again, creeping closer to the all-time highs we saw back in 2022. But what does this mean for those looking to buy or sell? The average UK house price in August reached £292,505, according to new figures from Halifax. That’s a jump of 0.3% from July and a…
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House Prices Set to Rise Despite “Painful” Budget, Says Expert
Experts predict house prices will climb by 3% this year, even with the upcoming budget expected to bring financial challenges. Despite Prime Minister Keir Starmer warning of a “painful” budget looming, property expert Tom Brill, head of UK residential research at Knight Frank, believes the housing market remains strong. While the Prime Minister has hinted…
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London House Prices Climb Back Above £530,000
London house prices have finally started to rise again after stalling last year. The average price of a property in London has gone up by 0.2% since this time last year. That might not sound like much, but it means the average London home will now set you back £536,300! This increase, revealed in Zoopla’s…