House prices: volatile equity markets and Brexit fears are hurting prime global rents, says Knight Frank March 21, 2016 Volatile equity markets and economic weakness in emerging markets dragged rental prices for high-end homes in key global cities lower last year, new research shows. Knight Frank's prime global rental index, which tracks the change in luxury residential rents across 17 cities globally, fell by 1.1 per cent in 2015, down from growth of 2.5 per cent in 2014. Geneva replaced Moscow as the [...]
Knight Frank and Markit: London house prices experienced the biggest increase this month March 18, 2016 London house price growth is expected to beat all other regions this month despite a slowdown in the top of the market, new research has shown. Londoners perceived the biggest increase, followed by those in the South East, East of England, Scotland and then the North West. It's slightly surprising given price growth among prime central London properties [...]
Focus On Canning Town: For affordability and an easy commute to Canary Wharf, the only way is E16 March 17, 2016 East London’s post-industrial landscape is rapidly disappearing in favour of quirky cultural venues, artfully rustic cafes and glassy residential towers. While the investment potential in Hackney and Tower Hamlets has been well-documented, other locations that are just as accessible have managed to slip under the radar. One of these is Canning Town, a part of [...]
Hitman is back on target: we review the first instalment March 16, 2016 You are Agent 47, a cool, calm, collected, bald, barcoded assassin. But given this is the genetically enhanced hero’s ninth outing (11th if you count the two movies), you probably already knew that. This reboot, however, is slightly different: it will be released in seven instalments over the course of the year, which you can [...]
Budget 2016: George Osborne’s speech in full March 16, 2016 George Osborne has just revealed the Budget for 2016. There was good news for businesses with corporation tax being sliced and business rates being reformed – but bad news for smokers and students who hate maths. Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in [...]
Global house prices accelerate in 2015 as low interest rates help buyers shrug off economic concerns March 9, 2016 Concerns over the global economy has failed to dent buyer confidence as house price growth accelerated last year, new research shows. Knight Frank's global house price index increased by three per cent in 2015, up from 2.3 per cent the previous year, boosted by the low interest rate environment. “Forty-three of the 55 housing markets tracked in our global [...]
Thanks to Landmark Place, you never have to leave the Square Mile March 3, 2016 Two new glass structures are set to join the banks, law firms and sky gardens that line the City’s riverside in the summer of 2018. Only this time, they’ll be housing wealthy residents who want to live on top of the financial district. A nine storey block will interconnect with an 11 storey block to [...]
We visit one of the last luxury chalets to be built in Courchevel March 3, 2016 Perched high up in the Tarentaise Valley in France’s Rhone-Alpes region, Courchevel 1850 has long reigned as one of Europe’s most expensive and glitziest resorts – ranking top on both Knight Frank and Savills’ prime and ultra prime ski resort indices. Set in the vast Three Valleys area – the largest ski location in the [...]
As large multinationals like Google are slammed for taking advantage of the tax system, the Office for Tax Simplification vows to untangle tax burden for smaller companies March 3, 2016 Government has today unveiled a slew of recommendations designed to simplify tax for small businesses, including better sharing of data across departments and rejigging filing dates. The Office for Tax Simplification (OTS), which published the recommendations aimed at companies with less than 10 employees, believes a tax system that applies the same set of rules [...]
Knight Frank Wealth Report 2016: The world’s super-rich population shrank last year March 2, 2016 The world's population of super rich shrank by three per cent last year as a more volatile financial climate and the continued fall in oil prices dented their wealth. Knight Frank’s Wealth Report released today found that there were 187,500 high net worth individuals (UHNWI) – those with $30m assets or more – at the [...]