Focus On Dalston: Why City workers still dig it November 30, 2015 Dalston may have become a byword for a certain type of bearded hipster in recent years, but there’s much more to the area than meets the eye. While Hackney has been through a tremendous change, Dalston has probably seen the greatest amount of it next to Shoreditch. There are now too many hot bars and [...]
Luxury investments: Classic cars rise in value by almost 500 per cent, as London residential property disappoints November 27, 2015 Got a substantial amount of spare cash lying around? Don't be tempted by property: classic cars are the best investment, according to new research. Knight Frank's Luxury Investment Index suggests class cars have increased in value by 498 per cent over the last 10 years, compared with high-end London residential property, which has risen a mere [...]
The global tax report 2015 by Knight Frank and EY: Shanghai and Monaco are where foreign investors are offered the lowest property costs and taxation November 21, 2015 International investors buying foreign property can get the lowest costs in Shanghai, according to a new report. However, it's Monaco that offers the lowest taxation when purchasing a property at both $1m and $10m (£7m). The slowing rate of property price growth in many cities worldwide has made transaction costs and taxation increasingly important factors for buyers. The global tax report 2015 [...]
South east and London: These regions feel most confident about house price growth according to Knight Frank and Markit Economics November 20, 2015 Homeowners in the south east and London think they're sitting on the property equivalent of a gold mine. The Knight Frank and Markit Economics house price sentiment index (HPSI) showed that those in the south east expect the biggest rise in their value of their homes over the next year, followed by Londoners. In fact, expectations for house price [...]
The Brits are back in town: Domestic buyers dominate London’s prime property market November 19, 2015 British buyers are returning in droves to the London property market and now account for well over two thirds of purchases in the capital’s prime post codes, new research revealed today. The proportion of sales to domestic buyers has jumped to 79 per cent in the third quarter from 75 per cent a year ago, leaving overseas [...]
Property firm Knight Frank launches Tech team to target London’s booming digital sector November 16, 2015 Knight Frank has created a Tech team to tap into growing demand from digital firms looking for office space in the capital. The property advisory company said it has poached industry veteran James Nicholson from rival firm JLL to lead a new central London Tech and Creative team and build the company’s profile in the [...]
Knight Frank development opportunity areas: These 18 places could experience the highest levels of housebuilding over the next few years November 16, 2015 The Conservatives may have promised a housebuilding revolution during the election – but where will those new homes actually appear? New research by Knight Frank suggests the answer is Manchester and Leeds. The upmarket estate agent has ranked the local authorities which provide the best opportunities for property developers over the next 10 years – and the two areas are [...]
A fifth of Goldman Sachs’ 425 new managing directors joined as summer interns November 12, 2015 Goldman Sachs has promoted 425 of its employees to managing director – its second-highest rank behind the lucrative position of partner – the investment bank announced today. A person familiar with the matter said that 21 per cent of the group initially joined the company as summer interns, while 35 per cent were campus hires. The highest [...]
Barratt, Berkeley Group, Persimmon and Taylor Wimpey share prices fall as Liberum brands housebuilders “overvalued” November 3, 2015 Is this another sign of the much-anticipated bubble? Shares in some of the UK's largest housebuilders fell this morning after one broker downgraded them to "sell". In a note this morning, Charlie Campbell of Liberum cut Barratt, Persimmon and Taylor Wimpey, saying the largest housebuilders' valuations were "too optimistic". All three were among the biggest fallers on [...]
UK house prices: It’s not just London where luxury house price growth is slowing – prime property price growth is slowing across the world November 3, 2015 It's well known that price growth among London's most high-end properties has slowed in recent months as various factors – including a punishing stamp duty regime and a slowdown in China – took effect. But it turns out it's not just London where prices have slowed: growth is slowing across the world. The Prime Global Cities [...]