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UAE, US Wealth Driving UK's High-end Property Market in 2020

UAE, US Wealth Driving UK's High-end Property Market in 2020

The top countries of origin for high-end international home buyers coming into the UK property market -- during the 2020 Coronavirus outbreak -- include the UAE, United States and Australia. Read More »


Global Residential Cities Price Index Dips in Q2, Amid COVID Outbreak

Global Residential Cities Price Index Dips in Q2, Amid COVID Outbreak

Based on international property consultant Knight Frank's latest Global Residential Cities Index, the annual rate of price growth worldwide declined marginally from 3.6% to 3.4% between March and June of 2020. Read More »

Central London Rental Values Down 7 Percent Annually in August

Central London Rental Values Down 7 Percent Annually in August

According to international property consultant Knight Frank, prime central London home rental values have continued to decline in August 2020, as weaker than normal seasonal demand was compounded by higher levels of supply. Read More »

Prime Central London Home Prices Down 17 Percent Since 2015 Market Highs

Prime Central London Home Prices Down 17 Percent Since 2015 Market Highs

Home prices in higher-value areas of London have responded to resurgent levels of activity this summer despite the Coronavirus pandemic. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated October 15, 2020 8:00 AM ET

London Property News

International property consultant Knight Frank is reporting that over the last four months, the UK property market has experienced the most abrupt change in sentiment in its history.

International property consulting firm Knight Frank is reporting this week that it has been no ordinary summer for London's property market.

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis.

While early signs of the impact of the Covid-19 pandemic on rental prices were already noticeable in the first quarter of 2020, the effects of the travel ban, which was valid from mid-March, are now fully visible.

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.

Country houses valued at £5m-plus saw the strongest price growth of any property type in the UK in the three months to June, due to interest in country living and the greater ability of buyers in higher-price brackets to transact.

The average annual price appreciation for all 150 cities tracked by the latest Global Residential Cities Index was 4.3 percent

Home purchase offers are being accepted at record rates in UK property markets as traction returns and downwards pressure on prices eases.

The total potential spend for all residential buyers registered with Knight Frank in London was £52 billion.

As most of the world's economies are reeling from the impact of the corona crisis, the effects on the European rental markets are starting to show - with previously accelerating rental prices coming to a stop.

Covid-19 and the knock-on impact of the government lockdown, will result in 56,000 fewer homes being delivered this year, representing a 35 percent drop.

Demand for London rental property has picked up in April 2020, as prospective tenants begin to plan for life after the lockdown.

Knight Frank is now forecasting the UK's housing market to decline 38 percent from 2019's home sales, to an estimated 734,000 transactions for the full year (2020).

The UK has reconfigured a number of commercial property to save lives, and has demonstrated it is possible to swiftly create new temporary uses for real estate.

According to CBRE's latest U.S. Multifamily Inbound Investment Report for the second half of 2019, Orlando was the highest growth market for global multifamily investment capital, with an annual gain of 231%.

According to global property consultant Knight Frank's latest Wealth Report 2020 reveals that private capital was responsible for $333 billion of all commercial real estate purchases in 2019, a 5% rise on the previous year.

The political certainty generated by the general election result produced the highest monthly number of property exchanges in Prime Central London (PCL) in December 2019.

U.S. net-lease investment reached record highs in 2019, with investors increasingly attracted to opportunities in high-growth secondary and tertiary markets.


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