Tag: Knight Frank
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Will Your Mortgage Eat Up Your Home’s Value Growth?
When it comes to buying a home, many see it as a solid investment, anticipating that property values will inevitably rise over time. This long-standing belief in the upward trajectory of house prices motivates countless individuals to jump onto the property ladder. However, while the focus is often on potential price increases, the cost of…
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UK Mortgage Demand Bounces Back in First Quarter of 2024
The UK witnessed a significant upturn in the demand for mortgages, signalling a refreshing phase of stability in the property market. This positive shift, documented in the latest data from the Bank of England, breaks a pattern of uncertainty, highlighting a renewed confidence among homebuyers and investors. The Bank of England’s quarterly survey, which gauges…
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UK’s Single Family Housing Rental Market Skyrockets
The United Kingdom’s single family housing (SFH) rental market is witnessing growth like never before. Fueled by a strong appetite from investors, this sector has seen investments rocket to a staggering £1.9 billion in the last year alone, according to the latest findings from Knight Frank’s 2024 Single Family Housing Report. Record-Breaking Investments 2023 was…
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Scottish Commercial Property Market Bouncing Back
Scotland’s commercial property sector has bounced back with a vengeance in the early months of 2024. The first quarter of 2024 has seen an upswing in Scotland’s commercial property investments, according to the latest figures from Knight Frank, a leading commercial property consultancy. Investments soared by 53% compared to the same period last year, jumping…
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Mortgage Approvals Rose by 7.7% in February
The latest figures from the Bank of England indicate a resurgence in the UK housing market. February witnessed a remarkable 7.7% leap in mortgage approvals, pushing the number to 60,383—a whopping 40% surge from the same period last year. This increase marks the fifth consecutive month of increases, signaling a hopeful return to the vibrancy…
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Two-Year Fix Mortgages Back in Favour
There’s a new trend for borrowers in the UK: the resurgence of two-year fixed-rate mortgages. This shift comes amid signs that the Bank of England might lower interest rates in the not-too-distant future, offering a glimmer of hope for those looking to secure a new mortgage or refinance their home. Interest Rate Insights Andrew Bailey,…
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Housing Market Sales and Enquiries Climb
The UK’s housing market is buzzing with activity, showcasing signs of recovery and optimism. According to the latest report from the Royal Institution of Chartered Surveyors (RICS), the property sector is experiencing an upward trajectory in house sales, buoyed by a resurgence in buyer interest and an increase in new listings. Buyer Enthusiasm and Market…
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Time’s Up for Second Home Owners? Chancellor’s Latest Move Shakes the Market
In the Spring Budget, Jeremy Hunt has introduced sweeping tax reforms aimed squarely at second home owners. With a clear intention to favour first-time buyers and alleviate the housing crisis, these changes could mark the end of the lucrative second home era. But is this really the curtain call for property investment in Britain, or…
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UK House Prices Rise by 1.2%
UK house prices have taken a positive turn for the first time in over a year this February, signalling a potential revival for the property market. This resurgence comes as a breath of fresh air to homeowners and potential buyers alike, following a period of stagnation and uncertainty. According to Nationwide, Britain’s largest building society,…
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Housing Market Growth on the Horizon Despite Rising Rates
The dawn of the new year brought with it a wave of optimism across the UK, spurred by a significant dip in the cost of living in the latter part of 2023. This positive outlook was further fueled by unexpected strong wage growth, which, as reported in the fourth quarter of last year, surged to…