Rent growth cools to below pre-Covid levels across key world cities
But 'the structural under-supply of new accommodation in major cities means rents are likely to rise faster than trend levels over the next few years,' says Knight Frank's research chief.
Prime city residential rental growth eases
Prime global rents have jumped up by an average of 26% in the last three years, according to Knight Frank's latest index.
Prime global rents climb to record highs, but the pace of growth is easing
Singapore and London have seen the biggest prime rental price increases over the last year, according to Knight Frank's latest city index.
Rental price growth ‘stabilises’ in prime global cities
'Even the luxury sector is subject to affordability constraints', says Knight Frank as it heralds 'an end to the substantial upward repricing' of rental markets in key global cities.
Most read
Luxury agency UK Sotheby’s International Realty launches property buying arm
The London-based brokerage has already signed up private clients with a combined £300mn to spend on high-end homes in 2025.
Big-ticket townhouse sale completes in Marylebone
Buyer exchanged on 'incredible' mixed-use proposition, listed at £22.5mn, just before the Budget.
Some leasehold reforms to be enacted ‘at pace’ next year, promises government
The 'two-year rule' will end in January, but the announcement of more consultations mean major changes to the leasehold system are still some way off.
‘Game-changing’ new index promises transparency & clarity for luxury property projects
RedBook debuts 'industry-first' benchmarking tool for clients & advisors; reveals key insights into the design & construction sectors' 'world of smoke and mirrors'.
Wealth industry awards recognise top HNW advisors
UK Sotheby’s International Realty picked up the Grand Prix 'Private Client Firm of the Year' at the 2024 Spear's Awards, while Becky Fatemi was named Property Broker of the Year.
In Pictures: Manchester’s ‘most expensive completed penthouse’ seeks £3.5mn
'Our Viadux penthouses bring to Manchester’s prime city centre a level of quality and sophistication that’s usually only seen in London,' says Salboy chief Simon Ismail.
Eight Charts: Benchmarking luxury construction costs & practices
New report lifts the lid on the inner workings of the UK's high-end design & construction sectors.
In Pictures: Design studio completes ‘spectacular’ Nine Elms penthouse project
1508 London delivers a lesson in 'soft minimalism' with this ethereal creation for an international client.
Hamptons recruits SW London specialist
Russell Gooden has been named as the agency's new Head of Sales for Richmond, East Sheen, Kew & Barnes.
LonRes adds video reels as property marketing evolves
Video content has become an essential part of the marketing mix, says B2B prime London trading platform.
LATEST ARTICLES
Luxury housebuilder seeks financial support after ‘challenging year’
45-year-old firm specialises in delivering high-end family homes in London and the Home Counties.
Beauchamp recruits St John’s Wood lettings manager from Savills
Ziad Hijazi is now handling prime & super-prime rentals in north London for Gary Hersham's boutique estate agency.
Rent growth cools to below pre-Covid levels across key world cities
But 'the structural under-supply of new accommodation in major cities means rents are likely to rise faster than trend levels over the next few years,' says Knight Frank's research chief.
Iconic London hotel to auction off fixtures & fittings
Savoy contents sale billed as an 'unparalleled opportunity for luxury hoteliers, interior designers, and collectors around the world'
High-end brokerage adds trio of PCL specialists
United Kingdom Sotheby’s International Realty bolsters London sales team with more senior hires.