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Property news

Knight Frank Global House Price Index, Q1 2011 results

Knight Frank Global House Price Index, Q1 2011 results

Key findings:

  • Global house prices increased by only 1.8% in the year to March, the lowest annual rate of growth recorded since Q4 2009 
  • House prices in 25 of the 50 countries included in the index remained flat or saw negative growth in the first three months of 2011, compared to only 18 countries a year earlier 
  • In regional terms, Asia remains the top-performing continent, recording 8.4% growth over the last 12 months. However, this is down from 17.8% a year earlier 
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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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Residential Development Land Index, Q2 2011

Funding difficulties continue to affect land values outside the M25, while London prices rise again

Knight Frank Residential Development Land Index, Q2 2011 Results

  • Prime London residential development land values continued to grow in the second quarter of 2011, although at a slower pace than in Q1. Prices rose by 0.4% between April and June, while the annual rate of growth moderated to 2%.
  • However, land values in Greater London rose more strongly, climbing by 2.3% on the quarter, the first quarterly increase since Q2 2010, benefitting from newly announced Government initiatives to help first-time buyers. There is also … Continue reading
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Staycations and ‘generational’ holidays boost UK second home market

Knight Frank today releases its 2011 New Build Second Homes report, showing that staycations and a new way of holidaying pushed second home ownership in the South West to a new record high last year, despite the slide in transactions in the wider housing market.

Headlines:

  • Second home ownership in England was at the second highest level on record in 2010, despite slipping slightly from 2009 levels – a fall led by the decrease in second homes in London 
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HS2 specialist releases new Q and A for affected property owners

With the public consultation on the proposed London-to-Birmingham high-speed rail link set to close on 29 July anybody wanting to contribute should act now.

You can make submissions online at www.hs2.org.uk. James Del Mar, head of Knight Frank’s HS2 team, looks at some of the current issues property owners likely to be affected by HS2 might want to consider.

Is HS2 definitely going ahead?

We will not know for definite until the government makes its announcement by the end of the year. Transport secretary Philip Hammond, however, seems to have more sympathy with businesses in Birmingham … Continue reading

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Prime Central London Index June 2011

 

Central London house prices have risen 34% since March 2009 –  and are set to climb further

Knight Frank Prime Central London Index, June 2011 results
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Regional divergence in prices continues in more accurate Land Registry HPI

The Land Registry HPI is seen as a more accurate state of prices as they are based on all properties sold across the whole of the UK. Continue reading

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