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The Latest Breaking News from Knight Frank

Meath development prospect has permission for 86 houses

Construction firm McAleer and Rushe is selling a development site in Co Meath with planning permission for 86 houses.

Irish Independent

Luxury London Real Estate Draws Most Mideast Buyers in 4 Years

Middle Eastern buyers of prime real estate in central London hit a four-year high in the second half of 2022, when they took advantage of the weak pound and relaxed covid restrictions, according to property consultant Knight Frank LLP.

Bloomberg

All units at Barry speculative industrial scheme sold

The 60,000 sq ft scheme is from Dawan Developments

Birmingham Post

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£3m workspace transformation starts on Team Valley office fit for a king

The 1930s-built St George's House is being turned into modern offices by UK Land Estates

Birmingham Post

Scottish commercial property investment 12.6% ahead of five-year average

Office take-up in Aberdeen rose by 96% last year, compared to 2021

Insider UK

Plans for £35m Bristol housing scheme on city centre cark park

Bristol City Council’s housing company Goram Homes is looking for a developer to help it transform the site in Redcliffe

Birmingham Post

Grade II-listed Bloomsbury townhouse featured as dog grooming parlour in Cruella on sale for £2.35m

The perfect house for cinephiles? The original shop fronts of Duke’s Road have been “magically transformed” for films starring Eddie Redmayne, Paloma Faith and Bill Nighy, amongst others.

Evening Standard

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Deposit and mortgage cost challenges for first-time buyers highlighted

First-time buyer mortgage payments are close to levels seen around the run-up to the financial crisis, in terms of the proportion of take-home pay being swallowed up by the home loan, according to a building society.

Irish Independent

Inflation below RBI's upper tolerance limit of 6% for 2nd straight month. Good news for home buyers?

In December 2022, India's consumer price index (CPI) inflation eased further in December to 5.72% from 5.88% in November and 6.77% in October 2022. This would be the second consecutive month when inflation has come below RBI's upper tolerance limit of 6%.

Livemint

Has price hikes, rising home loan EMIs impacted residential market in top 8 cities in 2022?

Knight Frank Affordability Index that tracks the EMI (Equated Monthly Instalment) to income ratio for households has declined across all cities during 2022..Overall in 2022, the price has gone up by 4% to 7% in these 8 cities.

Livemint

Residential sales of India's top 8 cities hit 9-year high in 2022; office leasing sees 2nd best year

As per Knight Frank's real estate report for 2022, these cities garnered sales of 312,666 units reaching a nine-year high. Also, there has been a commensurate rise in new launches. Office leasing also witnessed strong growth too.

Livemint

Revealed: Where in the UK house prices have dropped the most

An annual fall in house prices appears imminent, some housing market experts have suggested

The Independent UK

Average UK house price has dropped for fourth month in a row, says Halifax

An annual fall in house prices appears imminent, some housing market experts have suggested.

The Independent UK

Scottish commercial property market continues upward trend

£1.66bn worth of deals concluded in Scotland last year – the biggest amount since pre-pandemic

Insider UK

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Birmingham Post

Big fall in take up of large industrial space in Wales

Knight Frank has released figures for deals in 2022 for space of more than 50,000 sq ft

Bangkok Post

Office leasing activity skyrockets in Q3

Tech, legal, accountancy and financial businesses increased Bangkok office occupancy in the third quarter of 2022, with transactions doubling from the second quarter, according to property consultant Knight Frank Thailand.

Evening Standard

Demand for central London office space surged 24% in 2022

Trend forecast to continue into 2023 as companies seek high quality energy efficient premises

Birmingham Post

New lettings boost for prominent Cardiff office building

Churchill House was recently refurbished with new communal meeting rooms and offices

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The Independent UK

Average house price has increased by around £17,500 this year – Zoopla

Affordability and value for money will be key to the housing market outlook for 2023, the property website said.

Livemint

Indian realty sector records PE investments of $5.1 bn in 2022: Knight Frank

PE investments witnessed a decline of 17% year-on-year from $6.2 billion in 2021

Evening Standard

House prices: the average cost of a UK home jumps £33,000 in one year while London sees lowest annual growth

Across the UK, the average house price hit a record high of £296,400 in October.

Wales Online

Average house price up £33,000 year on year

Across the UK, the average house price in October was £296,000

The Independent UK

Average house prices hit new records in October

Across the UK, the average house price in October was £296,000.

Newcastle Herald

Colliers Newcastle enters the residential sales arena

Anthony Merlo is at the helm of Colliers Newcastle's new residential sale team.

Evening Standard

London’s grandest fixer-upper homes for sale — from a 15-bedroom townhouse to a former theatre

Up for a project? These handsome city homes require a little more than a lick of paint

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