Tag: Knight Frank
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Why Property Tycoons Are Exploring Unconventional Investments
In today’s unpredictable property market, discerning investors are pivoting towards unique and potentially lucrative sectors, hoping to find the next big opportunity, according to the FT. Vivek Oberoi, a renowned Bollywood film star aged 47, showcases this unconventional investment trend. Oberoi, combining personal capital with funds from other affluent Indians, is on a journey to…
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Rent Squeeze: Londoners’ Pockets Hit Hardest
Data from the Office for National Statistics (ONS) for the year leading up to March 2022 paints a concerning picture: London dwellers have been doling out an eye-watering 35% of their incomes to cover rental costs, averaging £1,450 per month. This figure isn’t just a record for the city; it’s the highest across the UK,…
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London Prices Fall But It’s Still Most Expensive Area
Recent data from the Office for National Statistics (ONS) reveals that London house prices have witnessed a 1.4% dip over the year leading up to August. This decrease is noteworthy, considering the capital’s reputation for steep property prices. Despite this decline, however, London retains the crown for the most expensive region in the UK to…
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Expert Reactions to Latest House Price Index
As autumn unfolds, there’s traditionally an uptick in property asking prices. This October, however, the increase was modest at best. Rightmove’s House Price Index highlighted a mere 0.5% rise in property asking prices, the slightest seen since 2008 and significantly lower than the 1.4% average increase observed over the past 20 years. The restrained growth,…
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Fragile Demand in Prime London Property Market
Recent figures from Knight Frank, a reputable UK-based property consultancy, have highlighted a fragility within the Prime London property market. Against a backdrop of various political and economic uncertainties, the demand for Prime London property has shown signs of being precarious, despite a pause in the Bank of England’s cycle of interest rate increases as…
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Anticipated £50k Decrease in UK House Prices by End of 2024
A detailed analysis conducted by the mortgage specialists at the comparison website Confused.com suggests an average decline in house prices by more than £50,000 by the close of 2024. This potential price drop in the housing market is not something to be overlooked if you’re considering an investment in property. It’s a significant drop in…
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Profits from Dubai Luxury Home Boom Reach $1.6 Billion
Dubai witnessed a surge in home sales during the third quarter this year. According to a report from property consultancy Knight Frank, sales of homes with a value exceeding $10 million ballooned to around $1.6 billion. This figure indicates a significant increase from the $1.13 billion seen during the same period last year. This upward…
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Surge in Welsh Industrial Property Demand: What You Need to Know
If you’re eyeing the property market in Wales, especially in the industrial sector, the recent trends have some interesting implications for your investments. Business Wales shared some numbers and looked at what this means for potential investors. A Significant Q3 Upswing The third quarter (Q3) of the year showcased a promising surge in the uptake…
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Experts React to Latest House Price Index
The latest house price index data from Nationwide highlights some of the critical developments shaping the market and provides insight for both prospective investors and regular property buyers. Property Industry Eye got the reactions of some industry experts. A Snapshot of The Current Market September saw a noticeable decline in UK house prices, as reported…
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Knight Frank Predicts 7% Drop in House Prices
According to Knight Frank’s latest forecast, the UK housing market is expected to undergo some turbulence before witnessing an eventual recovery. While earlier forecasts predicted a 5% fall in UK house prices for 2023, recent updates have adjusted this prediction to a 7% drop. Further, a 4% decline is anticipated for 2024. But there’s light…