Knight Frank
| Use attributes for filter ! | |
| Web site | www.knightfrank.com |
|---|---|
| Headquarters | London |
| United Kingdom | |
| Number of employees | 14,000 (2018) |
| Founded | 1896 |
| Subsidiaries | Knight Frank India Pvt Ltd |
| Founders | Howard Frank |
| Number of employe | +14,000 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 405914 |
About Knight Frank
Knight Frank LLP is a global real estate consultancy and estate agency headquartered in London, England. Knight Frank's global network has more than 488 offices across 57 territories and more than 20,000 people managing commercial, agricultural and residential real estate worth more than US$817 billion.
UK rent rises at the highest rate seen for years
... Tom Bill, head of UK residential research at estate agency Knight Frank, said: " The squeeze on tenants will not end any time soon...
Bob Dylan puts Highland mansion retreat up for sale
... Tom Stewart-Moore, from estate agents Knight Frank, said the Nobel laureate was selling up as he had not been able to use the property in recent years...
Home asking prices £14 rise smallest for 22 years
... And Tom Bill, head of UK residential research at estate agent Knight Frank, said the housing market had picked up a bit since Christmas...
Move to the country property trend fading - Zoopla
... Chris Druce, senior research analyst at estate agent Knight Frank, said: " After a frenetic period for the country market, city living has come back strongly as workers have returned to the office, and the lifting of pandemic restrictions has boosted the appeal of urban living...
Bank of England: Five things we now know about the UK economy
... According to Simon Gammon, managing partner at mortgage advisers Knight Frank Finance, most lenders are offering fixed rates of between 5...
Reliance Industries: Daughter rises in Mukesh Ambani's succession plan
... While fewer than half of Asian families have succession plans in place, the pandemic has encouraged 84% of India s ultra-wealthy to reassess how they will transfer their wealth, global property consultancy Knight Frank estimates...
Rare Ardbeg Scotch single malt cask sells for £16m
... " Andrew Shirley, editor of the Knight Frank Wealth Report, said that the cask sale had " set a very interesting new benchmark"...
The mystery of the home where the Queen was born
... The original 17, Bruton Street was managed in the early 1930s by Howard Frank, co-founder of the Knight Frank estate agency...
UK rent rises at the highest rate seen for years
By Kevin PeacheyCost of living correspondent
The rising cost of renting has again hit its highest level since comparable records began in 2016, with strong demand from tenants.
With fewer properties available to rent in many areas, the mismatch between supply and demand has pushed up costs for many people.
Prices paid by UK renters rose by 5. 3% on average in the year to July,
The figures come as rising prices continues to squeeze household budgets.
The, which measures how the cost of living changes over time, fell to 6. 8% in the year to July. Although This Was down from 7. 9% in June, it is still far above The Bank of England's target of 2%.
High demand from tenants at the same time as landlords reducing The Number of available properties is one of The Key reasons behind the rent increase.
Competition among renters is so intense that there are 20 requests to view each available property, according to recent figures commissioned by The Bbc from property portal Rightmove, up from six in pre-pandemic 2019.
The from The Office for National Statistics (ONS) shows UK average annual rent increases accelerated to 5. 3% from 5. 2% the previous month.
There was a 5. 5% increase in rents in London, which was the only region where. This Was the sharpest increase in rent since comparable records began for London in 2006.
The same annual rent rise was recorded in the West Midlands as well as Yorkshire and the Humber.
There were even bigger rises for tenants in Wales, where the average was up 6. 5% in a year, and in Scotland (up 5. 7%). In Northern Ireland , where the data is collected slightly differently, there was a 9. 2% increase in the year to May, although This Was lower than a previous peak.
Tom Bill, head of UK residential research at estate agency Knight Frank , said: " The Squeeze on tenants will not end any time soon. "
He Said that there was more financial pain for tenants as the supply of rental property fell and rents rose.
" It is an imbalance compounded by the fact landlords now face higher mortgage rates, " he added.
Official data on wages and inflation have led analysts to suggest that there could be further rises in The Bank of England's benchmark rate, which would mean ongoing pressure on landlords and homeowners through relatively high mortgage rates.
Average UK house prices increased by 1. 7% annually, down from a revised 1. 8% rise in May, the ONS said, as The Market cools as a result of the mortgage rate hikes.
How can you get to The Front of the renting queueAgents say there are some simple ways to make it easier to secure a rental property, including:
There are more tips and help on your renting rights
Related TopicsSource of news: bbc.com
