Company Tag: Knight Frank

The election result will boost transaction levels across prime London, but prices are unlikely to spike any time soon, according to Knight Frank's first major post-election review.

Nice n' clear, these new visuals from Knight Frank show how the key areas of PCL have stacked up - and which price brackets have outperformed - since the last general election in 2010.

Knight Frank and Strutt & Parker have both upgraded their predictions for PCL prices in the wake of the General Election.

Property prices in prime central London nudged up by 0.3% in April, says Knight Frank, to take the annual rate of growth at a five-year low of +2.8%.

The Conservatives will be the power party for the next five years, and they've even got a fully-fledged majority government.

Global prime residential property prices increased by 3.9% in the year to March 2015, according to Knight Frank's index, with North America and Australia pulling up the rest of the world.

Prime central London's property market - especially the £2m+ segment - has been in lockdown for the last month, says Knight Frank, as annual price growth hits a five year low and both vendors and househunters…

Rents in prime central London saw their biggest increase in six months in April, rising by 0.5% to take a values increased by 0.5% in April, annual growth to 4.1% - a four-year high. That +0.

Conditions in the residential rental market of prime London remain more bouyant than the sales market, although there is still an air of caution among tenants.

Average greenfield residential development land prices fell by 1.8% in Q1, says Knight Frank, taking the annual change to -0.

"There is evidence to suggest that some tenants are renting before making a decision about purchasing property ahead of the election," says Knight Frank, as prime rents in the Home Counties rose by 3.

There's "resilience in the face of upcoming election uncertainty" amongst homeowners, notes Markit's senior economist.