SamuearlJackson

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.pdf

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, Tower Bridge and Victoria. Prime Outer London comprises Barnes, Battersea, Belsize Park, Canary Wharf, Chiswick, Clapham, Dulwich, Fulham, Hampstead,Queen’s Park, Richmond, Wandsworth, Wapping and Wimbledon.

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 Barnes, Battersea, Belsize Park, Canary Wharf, Chiswick, Clapham, Dulwich, Fulham, Hampstead, Queen’s Park, Richmond, Wandsworth, Wapping and Wimbledon.

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 Outer London comprises Barnes, Battersea, Belsize Park, Canary Wharf, Chiswick, Clapham, Dulwich, Fulham, Hampstead, Queen’s Park, Richmond, Wandsworth, Wapping and Wimbledon.

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.

Agree with that Count. This is a good map from Knight Frank if anyone missed it earlier in the year: https://kfcontent.blob.core.windows.net/research/734/documents/en/march-2017-4588.pdf

It looks like the 12 month change has been negative for a while using the Knight Frank measure (for over a year which suggests price falls for the last two years).

Knight Frank's latest PCL report states that PCL prices are -5.9% year on year and -0.1% in the last month: http://www.knightfrank.co.uk/blog/2017/08/03/prime-central-london-sales-index-july-2017 PCL rents are -3.7% year on year and -0.4% in the last three months: http://www.knightfrank.co.uk/blog/2017/08/03/prime-central-london-lettings-index-july-2017

Who did these numbers for the BTLegraph? They are absolute nonsense if you do even a superficial level of analysis. Let's look at his 37 properties that apparently have a market value of £3.4million and which he owes £1.5 million on. The article says he can sell the "seven most valuable properties" to "leave him mortgage-free" and he would "own £1.9 million properties". That would mean that the seven properties that were sold had a current market value of £1.5million (£3.4M - £1.9M), but he would have to own them outright to pay off the £1.5million owed on his portfolio but that would also mean that he paid 0% CGT on all seven when sold. Is the BTLegraph recommending he fraudulently claim each of the seven in turn as his primary residence? Does anyone believe he hasn't borrowed against the value of these seven to grow his portfolio over the years? Those seven most valuable properties should bring in about £73K in rent (£233K - £160K) every year which gives them a yield of less than 5% before costs and voids in the north-east of England. I call total BS on the valuations of these. I don't believe anyone in their right mind would pay the amount they are valued at.