Hints and tips:
...Prime housing prices — defined as the top 5 per cent of the market — grew by 6.4 per cent in the 12 months to Q4 2023 to €9,412 per sq m, according to Knight Frank Research, yet this is still much cheaper...
...“After having no US buyers last year, we now have five possibles,” says Alex Koch de Gooreynd of Knight Frank’s Swiss desk says “One is there now paying cash for an old chalet for SFr3mn.”...
...Her property is in one of London’s most exclusive neighbourhoods, favoured by wealthy international buyers, but it is not the only one sticking on the market (at £10.95mn, through Knight Frank)....
...In the £10mn-plus market there were more sales in Belgravia (25) in the year to October than in any other area aside from Mayfair, according to Knight Frank. Yet not everything is selling now....
...“It is extremely challenging to develop coherent long-term strategy if leadership changes so regularly,” said Charlie Hart, head of development consultancy at Knight Frank, the estate agent....
...Any luxury resales tend to be off market, says Marta Espirito Santo of Q&P, an associate of Knight Frank....
...“There’s been a real shift in borrower behaviour over this last month,” said Simon Gammon, founder and managing partner at Knight Frank Finance....
...High-octane Verbier remains as requested as ever, but you’ll be looking at a handful of resale apartments or chalets, according to Alex Koch de Gooreynd, head of Knight Frank’s Swiss desk....
...Stuart Baillie, head of planning at property consultancy Knight Frank, said the government’s proposals were unlikely to have a “meaningful impact” on housing supply....
...The yield on two-year gilts shot up 0.24 percentage points to 4.37 per cent as a result, pushing them up towards levels seen last year when then-prime minister Liz Truss’s unfunded tax cuts wreaked havoc...
...Fears among Tory MPs about a “mortgage time bomb” contributed to the ousting of Liz Truss as prime minister last year, after her “mini” Budget spooked markets and pushed up interest rates....
...Simon Gammon, managing partner at mortgage broker Knight Frank Finance, said: “Rates at this level are going to come as a shock to the 1.4mn or so households that face remortgaging this year.”...
...Responding to the figures, Chris Druce, senior research analyst at estate agent Knight Frank, said potential purchasers should expect some volatility around a reasonably stable trend in prices....
...Tom Bill, head of UK residential research at Knight Frank, said the property market was “returning to Earth rather than falling off a cliff”. The average house price rose to £260,400 in April....
...surveyors expected house prices to fall further in the coming year, the index measuring expectations stood at minus 24 per cent, reaching its highest level since September 2022, when former prime minister Liz...
...Bill Thomson of Knight Frank says the penthouse buyer was motivated by tax — specifically the flat tax of €100,000 per year on foreign income for new residents....
...It was the fastest-selling London development in 2020 — with 90 per cent of the 160 flats reserved within three days, according to the estate agent Knight Frank....
...The price of Paris’s prime price homes increased by 8.9 per cent in the year to June 2022, according to Knight Frank Research, to €21,500 per sq m....
...In Stradella Road, a double-fronted property due to complete shortly at £4mn is the highest-ever sale there, according to Christopher Burton of the agent Knight Frank, following a sale of a similar sized...
...According to estate agent Knight Frank, which measures the price per sq metre of 12 resorts in the French Alps, the biggest price increases were recorded in Les Gets and its neighbour Morzine, up 11 per...
...Knight Frank Research estimates this will be by 3 per cent while Savills says 2 per cent — while expecting the national average to fall by 10 per cent. In Kensington, prices are softening already....
...After the market turmoil that followed the then prime minister Liz Truss’s “mini” Budget in September, rates on many fixed deals soared above 6 per cent....
...The rise in borrowing costs was exacerbated by the market turmoil sparked by Liz Truss’s ill-fated “mini” Budget on September 23....
...Property buyers have been asking when the seized Russian-owned villas will be available for resale, says Roberta Paterlini of estate agents Immobiliare Brunati Knight Frank....
International Edition