Knight Frank News

Date: 28 November 2009

Prime central London residential property prices rise as City demand picks up before bonus round

Knight Frank Prime Central London Index, November 2009 results

Headlines

Prices rose by 1.2% during November, prices have now risen by 11.4% since March

Prices are still 15.2% below their March 2008 peak level
Price growth has been led by the very top end of the market, £10m+ properties saw growth of 1.9% during November - the strongest result for all price brackets
The weakest market was the sub-£1m market which saw only 0.5% growth
The locations seeing the strongest growth are Chelsea, Kensington and Knightsbridge

Liam Bailey, head of residential research, Knight Frank, commented: “It is becoming clearer that it is the very top-end of the market that is leading price growth. Anecdotal evidence from across our offices suggests that City money is becoming more apparent as we get closer to the end of year bonus season; and with the upper end of the market benefitting most, it is clear that demand from senior management is driving the market.

“The change in fortunes of the top-end of the market has been dramatic. Whereas prices in the overall prime central London market stopped falling in March, they only stopped falling in the £10m+ price bracket in May, and even then growth has been anaemic at best in this sector until recently.

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Date: 23 November 2009
Supply of premium residential housing at 367,000 units by 2011

Residential report across 7 major cities indicates development over 533 million sq ft of premium residential property between 2009- 11

With 92,202 housing units, NCR will be the largest contributor. Mumbai will be second largest with 72,906 units

Mumbai, 23th November, 2009: Leading independent global property consultancy – Knight Frank India Pvt Ltd today released its latest research study on the country’s residential market - “Residential Market Review Q3 2009”. Knight Frank’s research findings indicate that out of the total housing unit supply which is 367,000 units across 7 major cities, the National Capital Region (NCR) will be the largest contributor with 92,202 housing units equating to 160.16 million sq.ft of fresh supply of residential space followed by Mumbai with 72,906 units equating to approximately 80.61 million sq.ft by the end of 2011.

... more

About Knight Frank:

Knight Frank India was started in 1995 and today has presence across 7 principal metros across the country. It has delivered more than 3,000 valuation reports and over 1,500 consultancy assignments. Knight Frank India provides a comprehensive range of real estate related services covering residential, commercial, land, investments, hospitality & leisure, valuation, advisory services, facilities management and project management. For further information, please visit www.knightfrank.com.
For futher information please contact:
Amar Shah / +91 9833650672 / amar.shah@in.knightfrank.com

Date: 21 September 2009
No: 09pr415

Knight Frank forecasts Central London office rents to recover in 2010
London, UK - Prime rents in both the City and West End office markets will return to growth again in 2010, following the correction seen in 2008 ...more

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Date: 13 September 2009

Knight Frank announces £20.8m profit

London, UK – Knight Frank LLP (“Knight Frank”), the leading independent global residential and commercial property consultancy, today announced its final results for the year ended 30 April 2009.

more

Date: 29 August 2009

Prime London prices rise for fifth month leading to sales volume
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Knight Frank Prime Central London Residential Index – August 2009 results
Key highlights:

• Residential prices in prime central London rose by 1%, the fifth monthly rise
• Sales volumes up 90% compared to January 2008
• Houses continue to out perform flats
• Chelsea, Kensington and Chelsea are leading the way

more

No: 09pr059
Date: 11 February 2009

Knight Frank’s Munich office letting and investment market research

Munich, Germany The Munich office market saw office space let in 2008 total 775,000 sq m and the letting volume was 6.5 per cent lower than the year before (2007: 830,000 sq m), according to global property consultancy Knight Frank. Owner-occupiers accounted for about 55,000 sq m of the letting volume in 2008 (2007: 130,000 sq m). more

No: 08pr873
Date: 7 December 2008

Knight Frank remains robust

London, UK – Knight Frank LLP (“Knight Frank”), the leading independent global property consultancy, today announced its final results for the year ended 30 April 2008. more detail

No: 08pr858
Date: 19th November 2008

Download: Bedford Square,WC1

Georgian splendour in the heart of Bloomsbury
52 Bedford Square, WC1 is a restored, Grade 1 listed Georgian townhouse situated on the only architecturally intact Georgian Square in London. Currently this eight bedroom property is for sale through Knight Frank Marylebone for £15,000,000. more

No: 08pr813
Date: 22 October 2008

Knight Frank sets up new Netherlands association

London, UK - Knight Frank has set up an association with NL real estate, an independent commercial property consultancy based in Amsterdam, Netherlands. NL real estate was founded in 2006 by three business partners Fred Rikken, Siem-Jan Vos and Serge Wuts who have extensive experience gained at leading real estate consultancy companies. more

Date: 20 October 2008

London remains most expensive European city to rent commercial property

London, UK - London remains the most expensive European city to rent prime office, distribution and shopping centre space, according to Knight Frank's latest European Market Indicators bulletin which covers 21 key European cities. more

No: 08pr726
Date: 23 September 2008

Prime International Residential Index Q2 2008

The prime residential market is weakening across the world – due to the fallout from the credit crunch and declining economic conditions in western markets more

No: 08pr703
Date: 12 September 2008

Knight Frank opens in The Gulf - Knight Frank has established a permanent Gulf network in the Middle East and has appointed Don Bradley, who until recently was ceo of Cluttons in the Middle East, as the region’s chief executive. more

London, 10 September 2008 - The new Snowmass, Colorado
Think North American ski resorts and Aspen immediately springs to mind. Long known as the place to ski and be seen, Aspen attracts serious crowds thanks to its range of ski terrain across the four surrounding mountains - Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk. more

London, 2 September 2008- More countries registering falls as global house price inflation continues to slow more

London, 15 July 2008 – Citi today announced that they have selected CB Richard Ellis, Cushman & Wakefield and Knight Frank to act as their three preferred real estate services advisors for transaction management services across Europe, the Middle East and Africa (EMEA). more

London, 22 May 2008 , Knight Frank has opened a full service office in Cambodia, South East Asia, as it continues its global growth strategy.
more

KF opens Cambodia office | About Knight Frank Cambodia

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