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Real Estate News

Despite Coronavirus, UK Country Home Prices Finish 2020 on High Note

Despite Coronavirus, UK Country Home Prices Finish 2020 on High Note

The UK's Country House market finished the year as it began after the market reopened in May 2020, with high-value properties proving to be the strongest performer during the fourth quarter. Read More »


Combined Value of Ireland's Residential Properties Tops €536Billion in 2020

Combined Value of Ireland's Residential Properties Tops €536Billion in 2020

Irish property portal Daft.ie is reporting this week that Ireland home prices are growing by 3.5% year-on-year and in 2020. Read More »

 Turkey is World's Top Home Price Appreciation Country, Again

Turkey is World's Top Home Price Appreciation Country, Again

International property consultant Knight Frank is reporting this week that Turkey leads their quarterly global home price appreciation index for the third consecutive quarter of 2020 with annual price growth of 27%. Read More »

Ireland's Residential Rents Rise 1.2 Percent in Q3

Ireland's Residential Rents Rise 1.2 Percent in Q3

According to Daft.ie latest Residential Rental Report, the average listed rent rose by 1.2% between June and September 2020. There was a noticeable difference in trends in Dublin and elsewhere in the country. Read More »


Luxury Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »


Last Updated January 8, 2021 8:59 AM ET

Europe Real Estate News

According to property site Daft.ie, the average listed price of housing in Ireland rose by 4.8% between June and September 2020.

The top countries of origin for high-end international home buyers coming into the UK property market -- during the 2020 Coronavirus outbreak -- include the UAE, United States and Australia.

Based on international property consultant Knight Frank's latest Global Residential Cities Index, the annual rate of price growth worldwide declined marginally from 3.6% to 3.4% between March and June of 2020.

According to international property consultant Knight Frank, prime central London home rental values have continued to decline in August 2020, as weaker than normal seasonal demand was compounded by higher levels of supply.

According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year.

Home prices in higher-value areas of London have responded to resurgent levels of activity this summer despite the Coronavirus pandemic.

International property consultant Knight Frank is reporting that over the last four months, the UK property market has experienced the most abrupt change in sentiment in its history.

International property consulting firm Knight Frank is reporting this week that it has been no ordinary summer for London's property market.

While early signs of the impact of the Covid-19 pandemic on rental prices were already noticeable in the first quarter of 2020, the effects of the travel ban, which was valid from mid-March, are now fully visible.

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.

Country houses valued at £5m-plus saw the strongest price growth of any property type in the UK in the three months to June, due to interest in country living and the greater ability of buyers in higher-price brackets to transact.

The new monthly report gives key figures on the health of both sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June 2020.

Home purchase offers are being accepted at record rates in UK property markets as traction returns and downwards pressure on prices eases.

According to a new Daft.ie Housing Market Report released today, residential sale prices rose by an average of 3.7% in May 2020, having fallen by 5.5% in April 2020.

The total potential spend for all residential buyers registered with Knight Frank in London was £52 billion.

As most of the world's economies are reeling from the impact of the corona crisis, the effects on the European rental markets are starting to show - with previously accelerating rental prices coming to a stop.

Covid-19 and the knock-on impact of the government lockdown, will result in 56,000 fewer homes being delivered this year, representing a 35 percent drop.

Demand for London rental property has picked up in April 2020, as prospective tenants begin to plan for life after the lockdown.

Knight Frank is now forecasting the UK's housing market to decline 38 percent from 2019's home sales, to an estimated 734,000 transactions for the full year (2020).

The UK has reconfigured a number of commercial property to save lives, and has demonstrated it is possible to swiftly create new temporary uses for real estate.

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