The Market
‘People forget just how embedded Russian investment is in London’: Gary Hersham on how sanctions are affecting the luxury property market
"None of my Russian clients have asked me to sell their properties in London or the Home Counties," says super-prime estate agent Gary Hersham.
Economic Crime Bill fast-tracked through House of Commons today
The long-awaited Economic Crime (Transparency and Enforcement) Bill will be "expedited through all its Commons stages" today (7th March), four years after draft legislation was published.
Tom Bill: UK house price growth underpinned by resilient demand and low supply
Conditions may normalise as demand declines and supply is boosted by the arrival of spring, says Knight Frank’s Head of UK Residential Research…
Global luxury housing boom to continue, with more subdued price growth
Knight Frank is predicting continued price rises for international luxury property markets in 2022 - although the pace of growth is likely to be significantly lower than 2021's extraordinary performance.
Pre-pandemic stability beckons for UK property market as supply levels finally pick up
New listings have been running at 5% above the five-year average in 2022 so far, reports Zoopla, but demand is still at near-record levels - half of all homes where sales were agreed were snapped up within…
Required Reading: Lifting the secrecy behind offshore companies
Julie Howard explains how the new rules around overseas entities will work in practice, and why the idea of hiding behind asset holding vehicles is becoming a thing of the past
UK housing market to cool after 2021 boom – Oxford Economics
"A soft landing is more likely than an abrupt correction" in house prices, says a top forecasting house.
Housing Secretary eyes seizure of UK property owned by sanctioned Russians
“Freezing assets is not enough”, says a DLUHC insider, as Michael Gove reportedly considers steps to seize Putin-linked homes in the UK without compensation.
Wales puts the squeeze on second home owners
Council tax bills to soar by up to 300% under new rules coming in next April
International prime property prices surged in 2021 as ‘luxury homes became the asset class of choice for UHNWIs’
Knight Frank's Prime International Residential Index posted its biggest ever year in 2021, with luxury property prices around the world rising by an average of 8.4%.
‘It seems everyone is after the same thing’: UK families hone in on Earl’s Court & South Ken
Savills has reported some interesting goings-on in the key west London markets of Earl's Court and South Ken, as “seriously committed” domestic buyers put down roots in the capital.
Wealth Creation in 2022: Liam Bailey’s 11 key insights
Knight Frank’s Global Head of Research, Liam Bailey, shares his key insights from the 16th edition of the firm's flagship annual publication, The Wealth Report.