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The Latest Breaking News from Knight Frank

This City Is Overtaking New York, LA and London in Luxury Real Estate

The city saw 26 real estate sales worth more than $25 million in 2022.

The Street

World’s ultra-rich suffered $10 trillion hit last year—but now is the time to be greedy, wealth report advises

The world's ultra-high-net-worth individuals have never been more keen to pay for the right to move to another country.

Fortune

London prices! Most expensive mansion ever on sale for record £250m

The property was put on the market by a Saudi prince after a £160 million loan secured by the owners expired

The Independent UK

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read the most diverse news in one place.

Canada Water: first homes for sale in new £5.6bn London neighbourhood

British Land development will offer up to 3,000 new homes and offices with space for 20,000 workers

The Guardian - UK

World’s richest people lost total of $10tn in 2022, report finds

Triple shock of energy, economy and geopolitical issues caused biggest annual decline in ultra-wealth since 2010

The Guardian - UK

Dubai housing boom buoys buyers, burdens tenants

Dubai (AFP) - With rents soaring and properties selling fast, the expatriate hub of Dubai is in the throes of a housing boom bolstered by rich emigres that has buoyed investors and burdened tenants.

AFP

Aberdeen industrial property take-up at highest since 2014

Energy sector spurs growth in city market

Insider UK

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Retailers on leading London shopping streets set to see £96m slashed from business rates bill

A number of central London retailers could see a significant decrease in their business rates liability in the West End, according to new research

Evening Standard

Luxury Cornwall holiday park and wedding venue goes up for sale

Agent Knight Frank said offers in excess of £5m were being considered for The Park in Mawgan Porth

Birmingham Post

Office take-up in Cardiff rebounds to pre-pandemic levels

Knight Frank is forecasting that the headline rent in the city this year will reach more than £30 per sq ft

Birmingham Post

Strong demand for London real estate even in choppy economic waters

Huge new schemes at Canada Water and Brent Cross help power London’s continued growth

Evening Standard

Cardiff office scheme Raglan House up for sale

The building recently saw BT signing up to a new 10 year lease

Birmingham Post

Strong performance for Midlands' industrial property market - report

Occupier appetite for robust spaces continued to increase across the region says Knight Frank

Birmingham Post

Average UK house price fell by 0.6% in January

Annual house price growth slowed to 1.1%, from 2.8% in December, Nationwide Building Society said.

The Independent UK

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Leeds Live

Stunning Leeds building which made film history now on the market after incredible transformation

One Sovereign Quay has had a massive refurbishment and has been restored to its former glory

Birmingham Post

All units at Barry speculative industrial scheme sold

The 60,000 sq ft scheme is from Dawan Developments

Birmingham Post

£3m workspace transformation starts on Team Valley office fit for a king

The 1930s-built St George's House is being turned into modern offices by UK Land Estates

Insider UK

Scottish commercial property investment 12.6% ahead of five-year average

Office take-up in Aberdeen rose by 96% last year, compared to 2021

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news in one place.

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Birmingham Post

Plans for £35m Bristol housing scheme on city centre cark park

Bristol City Council’s housing company Goram Homes is looking for a developer to help it transform the site in Redcliffe

Evening Standard

Grade II-listed Bloomsbury townhouse featured as dog grooming parlour in Cruella on sale for £2.35m

The perfect house for cinephiles? The original shop fronts of Duke’s Road have been “magically transformed” for films starring Eddie Redmayne, Paloma Faith and Bill Nighy, amongst others.

The Independent UK

Revealed: Where in the UK house prices have dropped the most

An annual fall in house prices appears imminent, some housing market experts have suggested

The Independent UK

Average UK house price has dropped for fourth month in a row, says Halifax

An annual fall in house prices appears imminent, some housing market experts have suggested.

Insider UK

Scottish commercial property market continues upward trend

£1.66bn worth of deals concluded in Scotland last year – the biggest amount since pre-pandemic

Birmingham Post

Big fall in take up of large industrial space in Wales

Knight Frank has released figures for deals in 2022 for space of more than 50,000 sq ft

Bangkok Post

Office leasing activity skyrockets in Q3

Tech, legal, accountancy and financial businesses increased Bangkok office occupancy in the third quarter of 2022, with transactions doubling from the second quarter, according to property consultant Knight Frank Thailand.

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