According to Knight Frank's latest research for the most exclusive global residential neighborhoods -- the top 10 ultra-prime streets and areas where the most transactions over $25 million have taken place in the last five years was -- revealed this week.
With capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago.
International property consultant Knight Frank is reporting this week that political uncertainty in the UK continues to dominate sentiment in prime London residential markets in final months of 2019.
According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.
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.
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.
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.
According to International property consultant Knight Frank, political uncertainty continues to have a tangible impact on sales activity in London's Prime Residential marketplace.
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.
