SamuearlJackson

Rents are going down in prime central and prime outer London. ”Average rental values in prime central London fell by 1.7% in May, taking the annual change to -3.9%. Meanwhile, the monthly decline in prime outer London was 1.6% in May, producing an annual decline of 4.7%. The quarterly decline of 4.7% recorded in May in prime central London is the largest such drop since March 2009, as the market felt the impact of the global financial crisis.” From the most recent Knight Frank rental report: https://www.knightfrank.co.uk/research/article/2020-06-04-lettings-demand-rises-as-

The May report is out from Knight Frank and has revised numbers for April (significantly more negative than in the May report) in it. Prices are down. https://www.knightfrank.co.uk/research/article/2020-06-03-downwards-pressure-on-prices-eases-as-demand-rebounds

The calm before the storm. Prime Central London -0.3% month-to-month and -1.3% over 12 months according to the April Knight Frank report: https://www.knightfrank.co.uk/research/article/2020-05-11-prime-london-sales-market-during-lockdown-the-numbers

It's been a while since I've posted one of these. Prime Central London still going down according to the most recent Knight Frank report: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-november-2019-6840.pdf -3.1% annual, -0.4% 3 months, -0.2% 1 month. The index looks to have topped out in August 2015 at 6427.2 and is now at 5534.2, meaning a change of -13.9% from peak to current low.

Knight Frank July report is out. Still going down: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-july-2019-6545.pdf

Still going down. Knight-Frank June update is in and the headline figures are... Prime Inner London: -4.9% last 12 months, -0.7% last 3 months, -0.3% last month Prime Outer London: -4.1% last 12 months, -0.2% last 3 months, -0.2% last month Report is here: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-june-2019-6482.pdf

The Knight-Frank Prime London report for March is out and confirms that the descent continues: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-march-2019-6278.pdf Prime central London: -5.1% over 12 months, -1.3% over 3 months, -0.4% in the last month Prime outer London: -4.6% over 12 months, -1.2% over 3 months, -0.2% in the last month Also recommended is the January report that has a couple of good graphs (Figures 1 and 4): https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-january-2019-6113

This looks like someone’s going to be taking a significant haircut in Trumpington, although who knows what tricks were used to make the initial selling price as large as possible: https://www.zoopla.co.uk/for-sale/details/45971012 Last sold for £715000 in 2017 and now on at £575000.

Time for the monthly update from Knight Frank. Here’s the November report: http:// https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-november-2018-6030.pdf Prime Central London: -4.0% 12 months, -1.7% 3 months, -0.5% 1 month Prime Outer London: -4.8% 12 months, -1.6% 3 months, -0.7% 1 month Prime Central London is defined in the index as covering: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, To

The Knight-Frank October report is out: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-october-2018-5960.pdf Prime Central London: -3.6% 12 months, -1.8% 3 months, -0.7% 1 month Prime Outer London: -4.7% 12 months, -1.2% 3 months, -0.5% 1 month Prime Central London is defined in the index as covering: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, Tower Bridge and Victoria. Prime Outer London comprises Barne

Knight Frank September data is as follows: Prime Central London -2.9% year on year, -1.4% in the last quarter Prime Outer London -4.3% year on year, -1.2% in the last quarter

The Knight Frank July 2018 Prime London report is out: https://content.knightfrank.com/research/156/documents/en/prime-london-sales-index-july-2018-5735.pdf Headline figures: Prime London -1.9% 12 months, -0.8% 3 months, -0.2% 1 month Prime Outer London -4.0% 12 months, -1.2% 3 months, -0.5% 1 month Prime central London is defined in the index as covering: Aldgate & the City, Belgravia, Chelsea, Hyde Park, Islington, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Riverside, South Kensington, St John’s Wood, Tower Bridge and Victoria. Prime O

It looks like the second one doesn’t include the two bed cottage, but they didn’t bother take it out of the floor plans or the map of what’s included...

The price of farmland peaked in mid-2015 at £8306/acre and currently is at £7313/acre: https://kfcontent.blob.core.windows.net/research/157/documents/en/english-farmland-index-q2-2017-4813.pdf

Dr Beck is not happy with The Guardian:https://www.property118.com/guardians-current-onslaught-private-landlords/ "when landlords evict someone, they then house someone else, so they still provide the same amount of housing; they are not engaged in ‘buy to leave’ and leaving properties empty; but rather maximising the use of housing as is needed in a housing crisis". Just like when a BTLer sells a property it doesn't disappear into thin air and reduce the housing stock.