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Brexit Uncertainty Still Injuring London Luxury Home Sales, Yet Aiding Prime Rentals

Brexit Uncertainty Still Injuring London Luxury Home Sales, Yet Aiding Prime Rentals

According to international property consultant Knight Frank, demand for the acquisition of prime London property continues to be negatively influenced by political events in 2019. Read More »


Top 10 E-commerce 'Last Mile' Hot Spots in UK Revealed

Top 10 E-commerce 'Last Mile' Hot Spots in UK Revealed

According to the new Future Gazing: Logistics - The Last Mile Report by global property adviser Knight Frank, optimal locations for 'last mile' logistics space is now being driven by not just where online shoppers live and work but also the increasing complexity of delivery models. Read More »

Political, Economic Uncertainty Continues to Drag on UK Housing Market

Political, Economic Uncertainty Continues to Drag on UK Housing Market

UK house prices remained flat in August 2019 to leave nationwide annual growth at 0.6%. Savills now expects average house price growth to be flat in 2019, down from the prediction of 1.5% growth predicted last November 2018. Read More »

Brexit Uncertainty Continues to Impact London's Luxury Property Market

Brexit Uncertainty Continues to Impact London's Luxury Property Market

According to International property consultant Knight Frank, political uncertainty continues to have a tangible impact on sales activity in London's Prime Residential marketplace. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated October 8, 2019 9:00 AM ET

United Kingdom Property News

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%.

Global real estate consultant JLL is reporting this week that after a bumpy 2018, investment in global commercial real estate cooled in the first half of 2019 with year-on-year volumes dropping by 9% to $341 billion.

According to HVS London, AlixPartners and STR, London hotels collective RevPAR rose 6% in Q2 2019 on the back of visitors traveling to the capital to watch the ICC Cricket World Cup and the Major League Baseball.

According to global property advisor Knight Frank, sentiment is the key driver of activity in prime regional markets in the U.K.. Uncertainty surrounding the UK's political landscape means discretionary buyers and sellers are cautious. Consequently, pricing has been subdued and stock levels are muted.

According to UK's Office for National Statistics, which tracks internal moves within the UK, migration from London to other parts of the UK reached its highest ever level in 2018.

According to international real estate consultant Knight Frank, despite the unknown outcome of Brexit, underlying demand for London's super-prime property remains resilient.

Rising cost of leasing prime office space accelerated across the globe due to continued economic growth, job gains and limited availability of prime space in certain markets.

Global real estate consultant Knight Frank is reporting that economic uncertainty of Brexit, coupled with the complexities of the planning system and rising build costs, have exerted pressure on London land values at the turn of 2019.

Investment into the UK Student Accommodations (PBSA), investment-grade private rented sector (PRS) and senior living rental sectors is expected to reach £146bn ($185bn) by 2025, rising from £87.3bn ($110bn) in 2019.

According to international real estate consultant Knight Frank's latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 45 cities globally, registered its lowest rate of annual growth since the final quarter of 2009, when the world was in the grip of the financial crisis.

More than 560,000 students applied to start a full-time undergraduate course at UK universities for the 2019/20 academic year, according to the latest applications data from UCAS. This was nearly 2,500 more applications than at the same point last year and the first year-on-year increase in applications in three years.

According to new research from international property consultancy Knight Frank, unlike Tuscany's mainstream residential housing market, the prime luxury segment is on a firmer footing.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 19, 2019, Mortgage applications decreased 7.3 percent from one week earlier.

According to Knight Frank's latest Farmland Index, the average value of bare agricultural land in England and Wales remained virtually unchanged in the first three months of 2019.

According to the newly released 2018 Profile of International Home Buyers Report by the Miami Association of Realtors and the National Association of Realtors, foreign buyer activity in South Florida had a significant 23 percent spike in 2018.

According to global property advisor Knight Frank, London home prices declined 0.6% in 2018, but markets are increasingly localized and performance differs greatly by borough.

According to Knight Frank's latest Global Outlook Report, Hong Kong will retain its title as the world's most expensive office market despite rents being forecast to decrease in 2019.

According to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.


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