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Tag Archives: houses for sale
Bank keep UK Interest rates at all time low of 0.5%
The Bank of England (BoE) again today decided to keep UK interest rates at their record low of 0.5%.
The Monetary Policy Committe has kept rates at this low level continuously since March 2009, and it was widely expected that it would do so again this month. Continue reading
Average House Prices edge up in July
The Nationwide HPI for July reports house prices ‘edging up’, although in reality this is a miniscule change of 0.2%. This is however an improvement on last month’s completely static figures. Continue reading
Lending Flat as a Pancake!
The Bank Of England (BoE) lending to individuals for June 2011 remains flat. Although the overall lending saw a slight rise by £0.4bn, this was lower that the previous six-month average increase. Continue reading
Prime Central London Index July 2011
Prime central London sales and lettings both reach all time high
Prime Central London sales and lettings indices, July 2011, results
- Prime London property prices have risen by 9.6% over the last 12 months and are now 35% higher than the post-credit crunch trough in March 2009
- Prime London property prices rose by 0.7% in July, taking values to a record high
- Prime London rents rose by 0.3% in July, taking the increase in the three months to July to … Continue reading
Eurozone crisis “brain-drain” boosts London’s rental market
Knight Frank London Lettings Index, May 2011 results
· The Eurozone crisis appears to have pushed more European tenants into the central London rental market since the beginning of the year, with European tenants taking 30.4% of all new lets between January to May 2011 compared to 25% during the same period in 2010
· Excluding very strong year-on-year growth in the number of new French tenants (up 80%), the … Continue reading
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
- The weakest region … Continue reading
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
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
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
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
