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The Latest Breaking News from Knight Frank

UK house prices fell in August at fastest annual rate since 2009, says Halifax

Despite dropping by £14,000 over the past year, the average house price remains around £40,000 or 17% above pre-pandemic levels, the lender said.

The Independent UK

European billionaires spend big on London’s ‘second-tier’ offices

Occupiers’ scramble for new office space that complies with modern environmental standards has sent prices of unwanted secondary or “brown” workspace stock tumbling

Evening Standard

Sharp drop in UK house prices as rising cost of borrowing hits market

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

The Independent UK

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House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Independent UK

India’s urban population would require 230 million housing units by 2047

India's population to surge to 1.7B by 2047; 230M housing units needed. Report reveals shift to mid-segment and luxury housing, with lower-income households dwindling from 43% to 9%. Cumulative office space across top 8 cities to grow from 278M sq.ft. to 898M sq.ft. Retail consumption to rise from 4.6% to…

The Hindu

‘Never again’: is Britain finally ready to return to the office?

With even the big internet firms warning staff they need to show up more often, is working from home over? Or have the attitudes and expectations of employees changed for ever?

The Guardian - UK

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

The Guardian - UK

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We get an insider look at Bob Dylan's £3 million Scottish Highland estate

We got a peek inside the 60s icon's longtime Highland home – and it's glorious as it sounds

Ideal Home

Bob Dylan's Scottish mansion on the market for £3million

Bob Dylan is selling his Scottish home for £3m – while the Butthole Surfers' Texas ranch is also up for grabs

Louder

First half central London office lettings shrink 33%

Knight Frank’s Shabab Qadar said: “Almost two thirds of office leasing deals completed in the period were for new or newly-refurbished space”

Evening Standard

City leads in office space leasing with 7 mn sq.ft: Knight Frank

Corporates in Bengaluru seem to be scaling up office space in anticipation of letting more of their employees work from office. Consequently, the city’s office space leasing transactions in the first half of calendar 2023 was highest across top eight cities in the country at 7 million sq.ft, against 6.4…

The Hindu

Chennai residential market witness a 3% year-on-year growth during first half of 2023

The Chennai residential market has registered a 3% year-on-year growth during the first half of 2023. The city recorded sales of 7,150 housing units during the first six months of 2023 compared to 6,951 housing units sold in H1 2022, according to Knight Frank India’s latest report, India Real Estate: H1…

The Hindu

More than 50,000 sq ft of space at prime Cardiff office scheme brought to market

The One Callaghan Square office building has undergone an £8m refurbishment

Birmingham Post

Led Zeppelin fans will be amazed at how trad and tranquil this band member's country home is

The grand eight-bedroom former home in Devon, South West England of Led Zepplin's bassist, John Paul Jones, is up for sale

Homes & Gardens

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Evening Standard

Buying in Barcelona: houses by ‘masters of minimalism’ offer coastal city lifestyle in exclusive enclave

In the hills of Barcelona’s exclusive Pedralbes neighbourhood, a new boutique development promises luxury city living on a grand scale

Insider UK

Two Edinburgh offices sold for £40 million

Meanwhile, the former site of Nye Bevan House in Glasgow has also been sold

The Hindu

Warehousing transaction volume rose in Vijayawada to 1 mn sq ft in FY-23, says report

In its India Warehousing Market Report-2023, Knight Frank India, an international property consultancy, stated that Vijayawada recorded warehousing transaction volume of 1 million square feet in financial year 2023-24 with a year-on-year growth of 22%.

Birmingham Post

UK Land Estates puts Portrack Retail Park up for sale with price tag of at least £6.77m

The site is home to big names such as Howdens and Tile Mountain

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Evening Standard

Cheapest square on Monopoly board gets New York style overhaul

First apartments in Manhattan inspired Old Kent Road development go on sale from £440,000

Birmingham Post

Trio of deals completed at Bristol's Castlemead

Commercial property consultants Hartnell Taylor Cook, JLL and Knight Frank completed the deals on behalf of investment adviser Floreat

Wales Online

'Our house has a medieval castle in the back garden'

Valmai Williams is selling a historic property, Bronllys Castle House near Talgarth, with 13 acres of stunning grounds and a garden feature to beat all others

Evening Standard

London’s share of international super-prime property market takes hit in 2023

London’s super prime market was hit by interest rate rises and the Truss mini budget, according to a new report

The Independent UK

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Independent UK

Annual house price growth turns negative for first time since 2012 – index

House prices fell by 1.0% on average across the UK in May, Halifax said.

Evening Standard

Greenwich Market is ‘losing its identity’ amid decline in handcrafted wares, traders say

Local businesses say the ‘personal touch’ has gone as handmade gifts are replaced by cheaply-made imports

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