Archive for July, 2011

First ever Knight Frank Prime Global Cities Index, Q1 2011 results

Luxury house prices in Paris rise 22% in a year, rivalling the performance of Asian cities

Key findings:
·         Prime property in Paris recorded the strongest price growth of all the cities monitored within the Knight Frank Prime Global Cities Index: its prices rose by 22.2% in the year to March 2011, driven primarily by supply constraints and growing interest from overseas buyers
·         Moscow’s prime residential market recorded the …

Knight Frank expert explains how the Renewable Heat Incentive works and how it will benefit rural property owners

The recently announced Renewable Heat Incentive could help cut fuel bills for rural property owners and businesses. Knight Frank’s green-energy specialist David Parry-Jones explains how this exciting and ground-breaking scheme will work 

What is the Renewable Heat Incentive?
The Renewable Heat Incentive (RHI) was launched in March by the government as part of its drive to cut carbon emissions and reduce the country’s reliance on fossil fuels. Under the scheme, property owners will receive an index-linked quarterly payment for every unit of heat energy that they produce using eligible renewable technologies. The payments will begin later …

5.5 acre residential development site in St John’s Wood, London, launches for sale in excess of £225 million

Knight Frank today launches to market the St John’s Wood Barracks site, in North London, which represents one of the last remaining prime central London residential development opportunities of any scale. Offers in excess of £225 million will be considered.
The site, currently owned by private family trust the Eyre Estate, has been occupied as a Barracks since 1804. The present occupiers, Royal Artillery’s Kings Troop, will vacate by early 2012 as part of a planned move to a new facility in Woolwich. Prior to becoming a Barracks the land formed part of a farmed estate …

Rental growth continues in select European commercial property markets; little movement in yields


Knight Frank’s Summer 2011 European Market Indicators report shows that the majority of Europe’s commercial property markets are continuing to either stabilise or recover at a modest rate. In the three months since our previous report, rental growth has been observed in a number of key European markets. However, little movement in prime yields has been seen over the last quarter across most of Europe.
Knight Frank’s weighted average European prime office rent, calculated from the cities covered by the report, rose by 2.6% in the three months to June, taking year-on-year growth to 5.6%. The three …