Tag: Knight Frank
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Mortgage Rate War Could See House Prices Rise This Year
Good news for sellers, as experts predict house prices will increase this year, fuelled by battling mortgage lenders and the promise of cheaper borrowing. After a year of falling prices, experts at Knight Frank estate agency now believe UK house prices could rise by 3% in 2024. This is a dramatic turnaround from their earlier…
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London House Prices Cooling Off as Summer Ends
London house prices drop, but will the Autumn Budget bring more uncertainty? The London property market seems to be having a summer slump, with fewer buyers putting in offers on houses in June and July. This could be good news for anyone wanting to buy a posh pad in the capital, as prices are starting…
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Edinburgh Office Rents Soaring
Edinburgh’s prime office market is heating up, with rents hitting their highest point in almost a decade. The main driver behind this surge is the “flight to quality” – businesses are ditching the old, tired office spaces and opting for swanky, modern digs in prime locations. Since the pandemic, companies are looking for spaces that…
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Interest Rate Cut – Is This the Moment the Housing Market Turns a Corner?
Good news for buyers and sellers as the Bank of England reduces interest rates for the first time since the pandemic. In a move that could signal a boost for the housing market, the Bank of England has decided to cut interest rates for the first time since the start of the Covid pandemic. This…
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Single Family Housing Booming
The UK housing market is changing, and some investors are already making their move. The days of traditional buy-to-let are fading, but a new opportunity has emerged: Single Family Housing (SFH) built specifically for rent. This isn’t just another trendy fad. This is a genuine shift in the housing landscape, driven by a perfect storm…
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Student Housing – Investment Doubles in 2024
Investors are piling into UK student accommodation like never before, with a record-breaking £2.45 billion pumped in during the first half of 2024. This is double the amount invested in the same period last year! So, what’s driving this frenzy? Let’s break it down. A Student Housing Gold Rush The first half of 2024 saw…
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Waterfront Homes Still Holding Strong With 48% Price Premium
Fancy living by the water? You’ll need deep pockets! Brits pay almost 50% more for a waterfront view It’s no secret that we love to be beside the seaside, but new research reveals just how much we’re willing to pay for the privilege of a waterfront view. According to estate agent Knight Frank, homes by…
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Eco Homes Hot Property as Buyers Chase Energy Savings
New research reveals a surge in buyers snapping up energy-efficient new builds to combat rising bills. Could this be the right move for you? Forget avocado toast, energy efficiency is the hottest trend for homebuyers right now! One in five buyers are choosing new builds, with a remarkable 60% putting energy efficiency at the top…
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Developers Demand More Funding for Planning – Labour Under Pressure
Property developers are crying out for more cash from Labour to help get their projects off the ground! A new survey from Knight Frank has revealed that 52.5% of SME housebuilders are demanding more funding for planning departments. The Chancellor, Rachel Reeves, has promised to recruit 300 new planning officers – but that’s barely one…
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Build-to-Rent Booming – £1.3 Billion Invested in Q2!
The UK’s build-to-rent (BTR) market is red-hot, with investments reaching a record high in the second quarter of 2024. More Than Just Flats: It’s not just about apartments anymore! Single-family homes are becoming a major force in the BTR sector, attracting a wider range of investors and tenants. In fact, single-family homes accounted for a…