Knight Frank ditch Middlesex cricket in blow to cash-strapped club, reports out! Middlesex have suffered a major blow ahead of the new County Championship season with main sponsor Knight Frank terminating their contract a year early. It adds misery to a club who are cash-strapped, having posted losses of £950,000 in their 2021 accounts and who have seen dwindling cash reserves. The club yesterday announced they were [...]
Knight Frank revenues soar as it shrugs off ‘considerable market disruption’ Knight Frank Estate agency Knight Frank has posted a surge in revenues for the year despite having tackled “considerable market disruption” over the last 12 months due to the impact of the Truss-Kwarteng mini-budget. Revenues for the year ending 31 March 2023 reached £670m up from £665m in the same period last year as the opening of the [...]
Knight Frank: UK house price growth will peak as cost-of-living climbs property UK house price growth is thought to have peaked and will begin its descent away from record figures as the cost-of-living crisis in the country swells, researchers at Knight Frank forecast. With runaway inflation and rising energy bills, the list of obstacles in front of house buyers has continued to grow exponentially since the pandemic. [...]
Mortgage rates are dropping — could they ‘continue to edge downwards’? November 6, 2023 A managing partner at Knight Frank Finance said the below five per cent mortgage rates would help improve property market sentiment
UK must double production space if it’s going to keep up with TV and film boom April 20, 2022 The UK must double its film and television production space by 2026 if the sector is to keep pace with growing demand, according to the latest research from global real estate advisor Knight Frank.
Hotel investments plunge to lowest level since 2012 as high costs bite January 8, 2024 Despite the slowdown, foreign investors continued to express interest in the market with 39 per cent of all deals involving overseas buyers, particularly in London
US investors pump £1bn into Central London offices since September December 8, 2021 Investment flows into the Central London office market has hit £2.2bn since the beginning of October, according to neww research from Knight Frank.
Wealthy splurge £3.1bn on luxury London homes as demand recovers after pandemic May 11, 2023 London’s mega wealthy splurged £3.1bn on 161 luxury homes across the capital’s most affluent boroughs in the year to 23 March – the strongest year for London’s luxury property market since the Brexit vote. The highest number of £10 million-plus deals in London took place in Kensington, Belgravia and Mayfair, where the rich bought 73 [...]
Knight Frank launches auction business to battle coronavirus uncertainty September 9, 2020 Estate agent Knight Frank has launched an auction business to help clients sell homes faster during the heightened period of uncertainty caused by the coronavirus pandemic. The property consultancy announced this morning that it will hold seven sales in total, with the next one held on 22 October, following a successful trial in July. Further [...]
The super-rich are getting richer, again – and millennials are leading the way February 29, 2024 The number of wealthy Brits rose in 2023, more than reversing the decline reported post-pandemic in 2022. Ultra-high-net-worth individuals (UHNWIs) – classed as those with over $3m in net wealth – increased in the UK from 601,300 to 626,619 on global economic growth and easing interest rates, according to the Wealth Report by Knight Frank. “The improving interest rate [...]