Tag: Knight Frank
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What Does the New Government Mean for Landlords?
The dust has settled on the election, and the Labour government is in. While many landlords might have breathed a sigh of relief when the Conservatives failed to pass their Renters’ Reform Bill, the new government is bringing its own plans to the table. The Big Questions for Buy-to-Let Labour’s manifesto was light on specifics…
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House Prices on the Up? What Experts Predict for the Rest of 2024
After months of uncertainty, could house prices be about to bounce back? With the election over and mortgage rates beginning to fall, some experts are predicting a mini-boom in the property market. But others warn that the road ahead could be bumpy, with rising living costs and interest rates still a concern. So, what can…
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Co-living – The Future of Property? Investors Are Betting Big
It’s not just a trend, it’s a booming industry. Co-living, the idea of purpose-built accommodation with shared spaces and social events, is attracting serious money. Co-living has evolved from the old-school HMOs (houses in multiple occupation) that you might have lived in as a student. Think shared kitchens, maybe a bathroom or two, and not…
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Rent Rises Cooling Down in London’s Prime Areas
According to property experts Knight Frank, rents in prime central London only went up by 3.5% in the year to June. That’s the smallest increase since July 2021. It’s a similar story in prime outer London where rents rose by 3.6%. Why are rents cooling down? Remember when rents went crazy high? That’s because there…
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Aberdeen’s Commercial Property Market Rises
Aberdeen’s commercial property market is on fire, with investment reaching a six-year high in the first half of 2024. According to the independent consultants at Knight Frank, a whopping £181 million was invested in Aberdeen’s commercial property market between January and June. This is more than double the investment seen during the same period in…
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Election Jitters Spell Bargains for UK Homebuyers!
Could now be the perfect time to bag your dream home? With a General Election looming and the cost of living still biting, experts believe house prices are likely to fall in the coming months. Estate agent Knight Frank reckons that Rishi Sunak’s decision to hold an election on May 22nd has spooked the housing…
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Landlords Left in Limbo as Rental Market in for Shake Up
Could Labour win the next election and bring in a raft of new rules for landlords? Prospective and existing landlords are facing uncertainty in the wake of the Renters Reform Bill being scrapped and the looming possibility of a Labour government coming to power. The long-awaited Renters Reform Bill, which had been debated for half…
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London’s Prime Property Market Slows Down, But Don’t Panic!
It looks like the posh property market in London is taking a breather, but experts say it’s just a temporary dip. According to Knight Frank, fewer wealthy buyers are splashing out on million-pound homes in London. The number of offers for homes over £5 million is way down compared to the last few years, especially…
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Housing Market Defies Higher Mortgage Rates with Continued Growth
Despite the rise in mortgage rates, the UK housing market continues to display remarkable resilience. According to the latest data from HM Revenue & Customs (HMRC), housing transactions have increased for the fourth consecutive month. In April 2024, transactions rose by 5%, reaching 90,430 up from 86,420 in March 2024. Remarkably, this figure is also…
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Property Investment in the Post-Pandemic Market
Since the COVID-19 outbreak four years ago, the property market, a long-standing favorite among affluent investors, has experienced significant turbulence. Notably, the office sector has taken a considerable hit. With the persistent trend of remote working and a challenging economic environment characterised by rising interest rates, office buildings, especially in major cities, have seen their…