London’s flexible office workers shift to four days a week Property Workers in London’s flexible office space have increased the number of days at their desk, despite sentiment that Londoners were unlikely to return to pre-covid working patterns. Three quarters of workers in flexible offices now use the working space at least four days a week, according to fresh data from Knight Frank. This comes amid [...]
City rents rise as return to the office drives up demand for prime locations Property Available office space in London’s most sought-after areas has slumped to near record lows as businesses continue to reverse pandemic-era working from home rules. According to global property consultancy Knight Frank, availability in newly constructed office buildings has fallen to 0.3 per cent in the West End Core – which includes Mayfair and St James’s [...]
The Trump effect? Why super-rich Americans are moving to the UK Property Trump’s election victory was widely seen as a boon for America’s top one per cent, but not all of them welcome the return of the Don. Some of them are fleeing their native America, and choosing the UK as their sanctuary, writes Ali Lyon. Tom Ford and Ellen DeGeneres have plenty in common. As well [...]
UK property market surges but warnings of Budget’s impact linger November 29, 2024 Transactions in the UK residential property hit over 100,000 in October but expects warn the full impact of the Budget has yet to be filtered in
Leeds landmark sold for almost £80m in city’s biggest deal for over five years October 8, 2024 A landmark building in the heart of Leeds’ financial district has been sold for almost £80m in the city’s largest office deal for more than five years. Ashtrom Properties UK has acquired Central Square, which is home to the likes of M&S, PwC an Sky, for £78m. Central Square comprises 217,249 sq ft of office [...]
Prime property in London ticks down amid Starmer ‘plans to penalise wealth’ September 25, 2024 Demand for prime property ticked down in the third quarter of the year as buyers returned to ‘wait-and-see’ mode ahead of the Autumn budget. The prime property market has been up and down this year; buyers held back ahead of the July election but returned to the market over summer. Now they nervously await potential [...]
‘Even luxury is subject to constraints’: Global prime rental growth slows August 19, 2024 After record growth in the past two years, global prime rents have cooled down to long-term levels as supply constraints start to ease and renters hit their price ceilings, according to new data. Average annual rental growth was 3.5 per cent in the 12 months to the end of June 2024, down from 7.4 per [...]
‘Pent-up demand’ drives jump in London prime property sales August 12, 2024 London’s super-prime market seems to following a similar track to the general market: optimism is cautiously increasing as mortgages start to come down following the Bank of England’s rate cut. The number of exchanges in London in June and July was 8.4 per cent above the five-year average, according to Knight Frank. It was a [...]
Knight Frank: Investment in UK hotels jumps 50 per cent in a year July 1, 2024 Major deals by Blackstone, Landsec and Starwood Capital contributed to over £3bn of investment into UK hotels in the first half of 2024, already surpassing the total for last year by 50 per cent, Knight Frank data has revealed.
Rolex watches, private jets and third homes? Here’s what it takes to be in the world’s one per cent of wealth April 13, 2024 To become a part of the wealthiest band in developed countries, you need to have at least a net worth of £1m - and in some countries, assets of up to eight digits, data from Kinght Frank’s Wealth report finds.