Tag: Knight Frank
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Edinburgh’s Commercial Property Market Surges
Edinburgh, the capital of Scotland, is currently experiencing a remarkable boom in its commercial property market. This surge is evident despite the challenging economic environment that prevails globally. According to the latest analysis by Knight Frank, a leading independent commercial property consultancy, Edinburgh’s commercial property market has already surpassed the total investment figures of the…
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70 Areas Where House Prices are Still Rising
According to a recent analysis by Halifax, while the overall UK housing market has experienced a slowdown, certain areas have seen significant growth in residential property prices. This study, which encompassed over 300 local authority areas in Britain, compared house price data from the third quarter of 2023 with the same period last year. Key…
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Landlords Continue Retreat from Buy-to-Let Market
The current year has seen a continued trend of property sell-offs by landlords across Great Britain, especially notable in Scotland. The property website Rightmove highlights that new seller asking prices have declined by 1.7%, a decrease of £6,088, settling at an average of £362,143. According to Hamptons, an upmarket estate agency, landlords are on track…
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A Welcome Drop in Mortgage Rates, Will it Continue?
For the first time since the summer days of June, the five-year mortgage rate for an 85% loan-to-value (LTV) has descended below the 5% threshold. This change marks a significant milestone in the property financing world, suggesting a trend that might see rates “continue to edge downwards”. An 85% LTV mortgage implies that you, the…
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London’s Rental Market: The Rise of Build to Rent
The landscape of London’s private rental sector is evolving, and build to rent (BTR) developments are at the heart of this transformation. Get Living, a pioneering company based in Southwark, celebrates a decade since its inception, which has significantly influenced London’s rental market. The company took root in the former Athletes’ Village at the Olympic…
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UK Commercial Property: What’s Up, What’s Down, and Why
The UK commercial real estate market is displaying a fascinating dichotomy. While certain sectors face challenges, others are thriving and show promising prospects. If you’re considering investing in commercial property, understanding these trends can help you make informed decisions. Dwindling Institutional Investments The commercial property landscape across Europe, and specifically in the UK, is undergoing…
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London vs. World Capitals: The Prime Property Showdown
When it comes to luxurious homes, cities like London, New York, and Paris are always in the limelight. How do these iconic capitals stack up in the property market right now? Knight Frank’s latest Prime Global Cities Index provides some clues. London’s Prime Properties: The Current State London has seen a slight dip in its…
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An Unexpected Uptick in House Prices
According to the mortgage provider Nationwide, UK house prices experienced a surprising increase last month. In the span between September and October, house prices surged by 0.9%. Not only was this the first monthly rise we’ve seen since April, but it was also the most significant since March 2022. This increase took many by surprise,…
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Expert Reactions to Zoopla House Price Index
The Zoopla House Price Index, one of the UK’s renowned barometers for housing market health, has recently highlighted some significant shifts. PropertyIndustryEye gathered the opinions of some leading experts. According to Zoopla, a combination of diminished demand and a decrease in buying power has led to a marked slowdown in the growth of house prices…
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BTR Sector to Surge in Next 5 Years
Knight Frank has unveiled some compelling statistics about the trajectory of the BTR sector. The most interesting revelation? The BTR sector’s worth might surge to a whopping £126 billion by 2028. Such an uptick isn’t just speculative either. The past trends affirm this prediction – the sector’s value has already climbed from £35 billion in…