Tag: Knight Frank
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Single Family Housing Grows in Demand
Savills has unveiled a report emphasising the growing interest in single-family housing (SFH) within the Build to Rent sector. This comprehensive study, a collaborative effort led by Dr. Jacqui Daly, Guy Whittaker, Alistair Walters, and Corranne Wheeler from Savills Research & Consultancy, sheds light on the shifting dynamics of the rental market, offering an insightful…
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UK Housing Market – Signs of Recovery Despite Challenges
The latest findings from the January 2024 RICS UK Residential Market Survey have sparked optimism in the housing sector, showcasing a series of improvements across crucial market indicators. A standout revelation from the survey is the positive shift in sales volume expectations for the upcoming year, buoyed by the anticipation of interest rate reductions by…
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UK House Prices – Signs of Market Stabilisation Emerge
According to the latest figures from Halifax, one of the country’s leading mortgage providers, UK house prices have risen for the fourth month in a row this January, reaching levels not seen since October 2022. This consecutive rise marks a hopeful sign of stabilisation in the housing sector, buoyed by easing mortgage rates and a…
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UK Housing Market at a Turning Point
Tom Bill, an expert in UK residential research, has shed light on the recent developments that are shaping the future of property transactions in the country. Inflation, which affects the overall cost of living including how much people pay on their mortgages, has seen a significant drop. This has led to a decrease in mortgage…
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Super Prime Rentals Rocket in London’s Prime Areas
The number of super prime tenancies has seen a significant boost, with a 10% increase in 2023. This growth marks a resurgence in the most prestigious segment of the UK rental market, according to recent findings from Knight Frank research. Super prime tenancies are essentially the crème de la crème of rental properties. They’re classified…
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House Prices Dip but Market Revives
The UK housing market is showing signs of revival after a slight dip in prices, as revealed by the latest data from property giant Zoopla. Despite a minor decline in house prices at the end of last year, there’s a surge in buyer and seller activity, promising a dynamic market ahead. Let’s break down what…
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Is Now the Time to Invest in UK Property Stocks?
The UK housing market is showing flickers of recovery. But does this mean it’s time to invest in property stocks? Contrary to some analysts’ predictions, 2023 didn’t witness a property market crash. Mortgage rates began to decline, boosting buyer demand and giving sellers more confidence in their asking prices. The Royal Institution of Chartered Surveyors…
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House Prices Set to Rise by 3% in 2024 – Knight Frank
After a challenging 2023 with falling house prices, Knight Frank, a global property consultancy, has some unexpected news. They’re revising their predictions for the UK housing market, now expecting a 3% rise in house prices for 2024. This is a significant turnaround from their earlier forecast of a 4% drop. What’s driving this change? A…
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Strong Demand for New Homes Predicted
Knight Frank estate agency has noticed a trend. Despite tough economic times in 2023, buyers are still keen on new properties priced between £500,000 and £1m, especially in desirable locations. This “flight to quality” means that despite the challenges, there’s a significant demand for well-located, well-priced properties. Interestingly, buyer confidence picked up notably in the…
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Scottish Commercial Property’s Roller Coaster Ride in 2023
2023 proved to be a challenging year for Scottish commercial property investments. The total investment in this sector dropped significantly to £1.49 billion, marking a 34% decrease from the previous year. This downturn reflects the ongoing economic uncertainty impacting global and local markets. However, it wasn’t all doom and gloom. The year showed a stark…