BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank

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BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
BIRMINGHAM
NEW HOMES
PROPERTY LIST

     2018
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
WELCOME
As one of the UK’s largest and most experienced new homes
property consultancies, we are well placed to bring you your
perfect new home or investment property.
We work with the industry’s best house builders and developers so you can be
assured of high specifications, outstanding workmanship and great after sales care.

As the largest privately owned global property consultancy, Knight Frank is
driven by a uniquely personal culture. This culture enables a tailored approach to
assisting our clients, drives us to continually strengthen relationships across our
network and affords us the agility to stay ahead.

We hope this property list will provide you with an exciting flavour
of our current new homes opportunities.

Peter Smith
peter.smith@knightfrank.com
+44 121 233 6406
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
THE BANK, SHEEPCOTE STREET                                                                                  Prices from £150,000      MOSELEY CENTRAL, ALCESTER ROAD                                                                              Prices from £129,950

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 Computer generated images for indicative purposes only.                                                                              Computer generated images for indicative purposes only.

  Computer generated images for indicative purposes only.                                                                             Computer generated images for indicative purposes only.

A selection of contemporary studios,                        •   Open plan layouts                                                     Contemporary studios, 1, 2 and 3 bedroom                  •   Parking available on selected plots
1, 2 and 3 bedroom apartments located in                    •   Contemporary designed kitchens                                        apartments set in the desirable bohemian                  •   Lift access to all floors
the Convention Quarter of Birmingham city                                                                                             location of Moseley Village. With many great
                                                            •   Lift Access to all floors                                                                                                       •   Keslar kitchens, Porcelanosa bathrooms,
centre. The completed development will                                                                                                places to eat and drink and independent
                                                            •   Secure entry via Video Entry System                                                                                                 Neff appliances, Moduleo flooring
enjoy views over Brindleyplace, and the                                                                                               retailers, it’s a real sense of community
Canal Basin.                                                •   Close to the new HSBC offices, new                                    and a hive of creativity. Help to Buy available.          •   Close to many independent bars &
                                                                Paradise Birmingham and within a short                                Ready to move in Summer 2018.                                 restaurants and boutique shops. Only
                                                                walking distance to Colmore Business                                                                                                3 miles from Birmingham City centre
                                                                District, Mailbox & Grand Central                                                                                               •   Moseley private park membership
                                                                                                                                                                                                    available

                                                                                                                         Milly Shaw                                                                                                                           Kate Horton
                                                                                                         milly.shaw@knightfrank.com                                                                                                           kate.horton@knightfrank.com
                                                                                                                   +44 121 233 6494                                                                                                                      +44 121 234 0339

Birmingham New Homes | 4                                                                                                                                                                                                                             Birmingham New Homes | 5
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
GALBRAITH HOUSE, GREAT CHARLES ST                                                                                  Prices from £600,000         HONDURAS WHARF, SUMMER LANE                                                                            Prices from £460,000

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Computer generated images for indicative purposes only.                                                                                         Computer generated images for indicative purposes only.

An exclusive collection of 20 stylish one                 •   Lift access to all floors                                                         A fantastic opportunity to purchase a brand               •   Balcony/Outside space
and two bedroom apartments located                        •   Engineered oak flooring to                                                        new apartment at the extremely popular                        with penthouse apartments
in prime central Birmingham with a                            Hall & Living areas                                                               Honduras Wharf development. Located                       •   Gated parking available
unique duplex penthouse apartment with                                                                                                          within a 5 minute walk of Snow Hill station,                  with penthouse apartments
                                                          •   Porcelanosa fully fitted kitchen with
a private roof terrace. Help to Buy available.                                                                                                  Colmore Row and St Pauls Square this
                                                              Krion solid worktops and a range of                                                                                                         •   Lift to all floors
                                                                                                                                                development is selling fast.
                                                              Siemens built in appliances                                                                                                                 •   High specification kitchen
                                                          •   Secure entry via Video Entry System                                                                                                             and bathrooms
                                                          •   Duplex Penthouse is circa 1900 sq ft of                                                                                                     •   5 minutes from Snow Hill station
                                                              spacious open plan accomodation with                                                                                                        •   15 minute walk to HS2 Hub
                                                              a summer house & roof terrace
                                                                                                                                                                                                          •   Ready for immediate occupation
                                                          •   Within walking distance to Colmore
                                                              Business District, Jewellery Quarter,                          Christiana Plati                                                                                                                   Sharon Murray
                                                              Mailbox, Grand Central & Snowhill stations   christiana.plati@knightfrank.com                                                                                                      sharon.murray@knightfrank.com
                                                                                                                           +44 121 233 6467                                                                                                                   +44 121 659 6004

Birmingham New Homes | 6                                                                                                                                                                                                                                   Birmingham New Homes | 7
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
ST PAUL’S SQUARE                                                                                           Prices from £495,000      ST PAUL’S CHAMBERS, ST PAUL’S SQUARE                                                                      Prices from £1,750,000

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Computer generated images for indicative purposes only.                                                                              Computer generated images for indicative purposes only.

St Paul’s Square is a luxury development                  •   High quality specification                                             St Pauls Chambers offers eight                            •   Located within a 10 minute walk from
of 6 studio – four bedroom apartments and                                                                                            contemporary new build apartments                             the Central Business district
                                                          •   Allocated parking for selected plots
1 three bedroom townhouse.                                                                                                           comprising 2 two bedroom apartments,
                                                          •   Located on St Paul’s Square                                                                                                      •   Within an easy walk of railway stations
                                                                                                                                     5 three bedroom apartments and a
                                                                                                                                                                                                   (both local and mainline services)
                                                          •   Close to independant bars & restaurants                                3,518 sq ft penthouse each finished
                                                              in St Paul’s Square and the trendy                                     to a high specification.                                  •   Sought-after Jewellery Quarter location
                                                              Jewellery Quarter                                                                                                                •   Short distance from the leafy oasis
                                                          •   Within short walking distance                                                                                                        of St Paul’s Square
                                                              to Central Business District                                                                                                     •   Quality flooring materials and high
                                                                                                                                                                                                   specification throughout the apartments
                                                                                                                                                                                               •   All apartments have balconies/terrace
                                                                                                                                                                                               •   Ready for immediate occupation
                                                                                                                        Milly Shaw                                                                                                                           Kate Horton
                                                                                                        milly.shaw@knightfrank.com                                                                                                           kate.horton@knightfrank.com
                                                                                                                  +44 121 233 6494                                                                                                                      +44 121 234 0339

Birmingham New Homes | 8                                                                                                                                                                                                                            Birmingham New Homes | 9
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
THE MANSION HOUSE, EDGBASTON                                                                                      Prices from £490,000         REGAL COURT, OFF BROAD STREET                                                                                    Price on Application

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A stunning conversion of an imposing                        •   Individually designed luxury apartments                                        Regal Court offers a mix of one and                       •   Secure car parking sold at an additional
detached house and adjoining lodge.                         •   Generous sized reception rooms                                                 two bedroom modern apartments                                 cost on selected properties
The Mansion House is an impressive,                             & kitchens                                                                     within a convenient City Centre location.                 •   Lift access to all floors
low-density development set in landscaped
                                                            •   High ceilings throughout with carpeted                                                                                                   •   Convenient location to Brindleyplace
grounds. It is located on the corner of
                                                                hallways & bedrooms                                                                                                                          aswell as the well-known Mailbox and
Richmond Hill Road and Farquhar Road
                                                            •   High quality finishes with solid oak                                                                                                         Arena Central
at the heart of Edgbaston’s premier
residential district.                                           entrance doors, high quailty engineered                                                                                                  •   Within a 15 minute walk from both
                                                                oak flooring in each reception room                                                                                                          New Street and Five Ways train stations
                                                            •   Beautifully landscaped grounds                                                                                                           •   Well maintained communal areas
                                                            •   Located in Edgbastons upmarket                                                                                                           •   Located just off Broad Street
                                                                conservation area, close to
                                                                local amenities                                             Christiana Plati                                                                                                                           Sharon Murray
                                                                                                          christiana.plati@knightfrank.com                                                                                                              sharon.murray@knightfrank.com
                                                                                                                          +44 121 233 6467                                                                                                                           +44 121 659 6004

Birmingham New Homes | 10                                                                                                                                                                                                                                        Birmingham New Homes | 11
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
THE JEWEL COURT, JEWELLERY QUARTER                                                                 Prices from £175,000      THE LIGHTWELL, CORNWALL STREET                                                                                Prices from £336,000

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Computer generated images for indicative purposes only.                                                                      Computer generated images for indicative purposes only.

A new build development of 77 one and two                 •   Quality Specification                                          Luxury studios, one and two bedroom                       •   Designed by award winning architects
bedroom apartments in the heart of one of                 •   Parking Spaces Available to buy                                apartments and two bedroom penthouses                     •   High specification as standard
Birmingham’s most sought-after districts.                                                                                    in the heart of Birmingham’s central
                                                          •   Lift Access to All Floors                                                                                                •   Located in the heart of Birmingham’s
                                                                                                                             business district.
                                                          •   Integrated high quality                                                                                                      business district
                                                              kitchen appliances                                                                                                       •   Close to many shops, bars & restaurants
                                                          •   Security Entry System                                                                                                        within the Colmore Business District

                                                          •   Bathroom suites with ceramic                                                                                             •   Walking distance to New Street, Snowhill
                                                              wall & floor tiles                                                                                                           station and the tram network

                                                          •   Ready for immediate occupation                                                                                           •   Ready for occupation end of 2018

                                                                                                                Milly Shaw                                                                                                                             Kate Horton
                                                                                                milly.shaw@knightfrank.com                                                                                                            katep.horton@knightfrank.com
                                                                                                          +44 121 233 6494                                                                                                                        +44 121 234 0339

Birmingham New Homes | 12                                                                                                                                                                                                                    Birmingham New Homes | 13
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
BURNE JONES HOUSE, 11-12 BENNETTS HILL                                                                     Prices from £150,000         THE FITZGERALD, WEST BAR                                                                                    Prices from £108,500

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Elegantly designed apartments for sale in                 •   Stylish 1 & 2 bed apartments                                              Brand new, highly specified, city centre                  •   Central location next Sheffield’s
Birmingham city centre. Originally built in the           •   Re invented 1930’s Art Deco                                               apartments. Luxury living in a league                         prestigious £175 million West Bar
1930’s, Burne Jones House has today been                      landmark building                                                         of its own, The Fitzgerald offers a unique                    redevelopment
re-invented to provide thirty luxury                                                                                                    opportunity to step onto the property ladder.             •   Modern specification
                                                          •   6% projected rental yields
apartments in Birmingham city centre.                                                                                                   Show apartment available to view.
                                                          •   Great Investment Opportunity                                                                                                        •   Contemporary interiors

                                                          •   Close to New Street station, Grand                                                                                                  •   Projected investment yields up to 6.5%
                                                              Central & The Bullring                                                                                                              •   Help to Buy available
                                                          •   Ready for occupation early 2018                                                                                                     •   Ready for immediate occupation

                                                                                                                     Christiana Plati                                                                                                                           Louise Platts
                                                                                                   christiana.plati@knightfrank.com                                                                                                            louise.platts@knightfrank.com
                                                                                                                   +44 121 234 6467                                                                                                                         +44 777 348 9243

Birmingham New Homes | 14                                                                                                                                                                                                                             Birmingham New Homes | 15
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
THE AXIUM, WINDMILL STREET                                                                          Prices from £174,950     DEVELOPMENT – COMING SOON

                                                                                                                             TENNANT ST LOFTS
                                                                                                                             An exclusive development of 40 luxury loft
                                                                                                                             style apartments located in prime central
                                                                                                                             Birmingham set in the heart of Birmingham,
                                                                                                                             due to be completed in Summer 2018.

Computer generated images for indicative purposes only.

A luxury development of 304 apartments                    •   Fantastic investment
in the heart of the city, with secured parking                development opportunities
available at an additional cost.                          •   Contemporary interiors &
                                                              open plan living
                                                          •   Communal courtyard
                                                          •   Close to New Street station,
                                                              Grand Central & The Bullring

                                                                                                            Sharon Murray
                                                                                             sharon.murray@knightfrank.com
                                                                                                          +44 121 233 6409

Birmingham New Homes | 16                                                                                                                                                 Birmingham New Homes | 17
BIRMINGHAM NEW HOMES PROPERTY LIST 2018 - Knight Frank
CITY CENTRE DEVELOPMENTS                                                                                                                OUR RESEARCH

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                                                                                                                                                THE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         UK RESIDENTIAL
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          ALL CHANGE?
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Chancellor Philip Hammond is preparing to deliver his Autumn Budget later
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          this month, with housing expected to feature heavily. Meanwhile, the Bank of

                                                                                                                                                                                                                                                                                                                                                                                                            BIRMINGHAM
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          England raised interest rates for the first time in a decade.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Key facts Nov 2017                            Economic and housing                                      September, but notably below the near 5%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    growth reported a year ago. The market
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          market overview
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Average UK house prices are up                                                                          remains highly localised, with affordability
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          In what was a widely expected move, the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            by 2.5% over the year to October,                                                                       a key concern in many markets.

                                             Edgbaston                                                                                                                                                                                                                                                                                                                                                      REPORT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Bank of England raised interest rates
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            according to Nationwide
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          in November. The official bank rate has
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          been lifted from 0.25% to 0.5%, the first                 UK house price change
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Annual, %
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Interest rates were raised to 0.5% in         increase since July 2007.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            November, the first rate rise in a decade                                                                15%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          This will be the first time some borrowers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          will have ever experienced an increase in                  10%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Prime central London prices for               their mortgage payments.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      5%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            existing homes edged up by 0.1%                However, what happens next is likely to set
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            in October, taking the annual rate of          the tone. Last month’s move was simply
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      0%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            decline to -3.6%                               a reversal of the cut in August of last year              -5%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          6%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           following the vote to leave the European
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    -10%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Prime English country home prices              Union and means that the base rate is still
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          5%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            dipped by -0.1% in Q3, taking the              at a historically low level. Another rate rise           -15%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          4%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            annual rate of growth to 0.2%                  in the coming months would likely have                   -20%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           a firmer impact on sentiment. It is also
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          3%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           worth noting that while economists are                   Source: Nationwide
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Prime Scottish house prices edged              forecasting more rate rises, they expect
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          2%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            up by 0.2% in Q3, with an annual               that the base rate will be at 1% by 2020 –               All eyes will now turn to the Chancellor,
                                                       8

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            change in values of -0.3%                      still near record low rates.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          1%                                                        Philip Hammond, as he prepares to deliver
                                                              41
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    the Autumn Budget on November 22nd,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          0%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    the first major set piece following this year’s

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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          UK2008 2009 2010 2011 2012 2013 2014 2015 2016
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              base   rate v mortgage rates                   2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    snap General Election in June. Housing
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    has leapt up the political agenda in recent

                                                                                                                                         A41
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           8%
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          United Kingdom, Policy Rates, Bank Rate
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          2 Year (75% LTV) Fixed Rate Mortgage
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    months and is likely to feature heavily.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           7%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          5 Year (75% LTV) Fixed Rate Mortgage

                                                                                                                      35
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           6%                                                       The property industry’s wish-list for the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Chancellor is extensive covering both
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           5%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    planning and policy. The Budget may be
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           4%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    the opportunity for the Government to
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           3%                                                       announce additional changes or support to
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    further boost supply.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              GRÁINNE GILMORE                              2%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Head of UK Residential Research              1%                                                       Official housebuilding figures released this
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           0%                                                       month by DCLG showed annual housing

                                                                                                     12
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             “All eyes now turn to the                          2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

                                                                                                                      Sparkhill
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    supply in England amounted to 217,350
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    net additional dwellings in 2016-17, up
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Chancellor as he prepares                   Source: Bank of England
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    15% on 2015-16.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              to deliver the Autumn                       Households with a variable rate mortgage
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Stamp duty, which is payable on all
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Budget on November                          will be most affected by the 0.25% rate
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    residential purchases, remains another
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          rise. While it is likely that mortgage rates
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              22nd, the first major set                                                                             sticking point. It is seen as a barrier to
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          on new home loans will rise slightly, the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              piece following June’s                      move is unlikely to have an impact on
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    moves up and down the housing ladder,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              General Election.”                          overall pricing.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    as well as for those saving for a deposit.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    There is speculation that first-time buyers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Follow Gráinne at @ggilmorekf               Across the UK, average house prices                       may see some change in stamp duty
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              For the latest news, views and analysis     rose by 2.5% over the year to October,                    rules, which emerged as new data shows
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              on the world of prime property, visit our   according to the latest data from                         that the levy raised £9.4bn in the year to
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              blog or follow @KFIntelligence              Nationwide. This was a slight pick-up from                September, taking receipts to a record high.

                                                                                                                                                                                                                                                                                                                                                                                      1

        1. Honduras Wharf                      8. The Bank                                                                                       RESIDENTIAL RESEARCH                                                                                                                                                                                                                             RESIDENTIAL RESEARCH                                                                                                                                                                                                                      RESIDENTIAL RESEARCH

                                                                                                                                                 UK RESIDENTIAL                                                                                                                                                                                                                                   UK RESIDENTIAL                                                                                                                                                                                                                            UK RESIDENTIAL
                                                                                                                                                 MARKET UPDATE                                                                                                                                                                                                                                    MARKET UPDATE                                                                                                                                                                                                                             MARKET UPDATE
        2. The Jewel Court                     9. Tennant St Lofts
                                                                                                                                                                                               HOUSING POLICY PUSH                                                                                                                                                                                                                              RENEWED INTEREST IN                                                                                                                                                                                                                       ALL CHANGE?
                                                                                                                                                                                               The Government has now put housing firmly at the top of the domestic policy
                                                                                                                                                                                               agenda. Theresa May, the Prime Minister, hosted a housing summit at Number                                                                                                                                                                       INTEREST RATES                                                                                                                                                                                                                            Chancellor Philip Hammond is preparing to deliver his Autumn Budget later
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          this month, with housing expected to feature heavily. Meanwhile, the Bank of
                                                                                                                                                                                               10, and now attention is turning to the Budget on November 22nd. Meanwhile,                                                                                                                                                                      The Bank of England has given more ‘forward guidance’, indicating that                                                                                                                                                                    England raised interest rates for the first time in a decade.

        3. St Paul’s chambers                  10. Regal Court
                                                                                                                                                                                               house prices are up 2% across the UK, and the price declines for existing                                                                                                                                                                        it may move to raise interest rates from their record low in the coming
                                                                                                                                                                                               homes seen in prime central London over the last year are starting to abate.                                                                                                                                                                     months, although there is no guarantee that this will happen. Meanwhile,
                                                                                                                                                                                                                                                                                                                                                                                                                                                house price growth across the country continues to moderate, while the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Key facts Nov 2017                            Economic and housing                                      September, but notably below the near 5%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    growth reported a year ago. The market
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          market overview
                                                                                                                                                 Key facts Oct 2017                            Economic and housing                               UK Bank base rate & 12-month                                                                                                                                                                  prime London market shows signs of regaining momentum.                                                                                                                                      Average UK house prices are up
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          In what was a widely expected move, the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    remains highly localised, with affordability
                                                                                                                                                                                               market overview                                    LIBOR rate                                                                                                                                                                                                                                                                                                                                                                                by 2.5% over the year to October,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Bank of England raised interest rates
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    a key concern in many markets.
                                                                                                                                                 Average UK house prices are up
                                                                                                                                                 2% on the year in Q3, according
                                                                                                                                                                                               Average house prices rose at an annual                                                                                                                                                             Key facts Sept 2017                           Economic and housing                             policy continuing to provide substantial
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 support to the economy.”
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            according to Nationwide
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          in November. The official bank rate has
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    UK house price change
                                                                                                                                                 to Nationwide
                                                                                                                                                                                               pace of 2% in Q3, according to the latest                    2.00
                                                                                                                                                                                                                                                                                                                          LIBOR 12-month                                                                                                        market overview                                                                                                                                                                                                                           been lifted from 0.25% to 0.5%, the first
                                                                                                                                                                                               data from Nationwide. However, there is still                                                                              Bank of England base rate                                               Average annual house price growth                                                                                                                                                                                                                                                                                                                 Annual, %

        4. St Paul’s square                    11. The Axium
                                                                                                                                                                                                                                                            1.75                                                                                                                                                                                                                                 While the UK central bank’s direct mandate                                                                                                 Interest rates were raised to 0.5% in         increase since July 2007.
                                                                                                                                                                                               a significant difference in the rate of growth                                                                                                                                                     slowed to 2.1% in August, down from           The Bank of England has voted to keep
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 is to use monetary policy to manage                                                                                                        November, the first rate rise in a decade                                                                15%
                                                                                                                                                                                                                                                                                                                                                                                                  2.9% in July                                  interest rates unchanged for the 13th                                                                                                                                                                                                     This will be the first time some borrowers
                                                                                                                                                 Prime central London prices for               across the country, as the map below shows.                  1.50                                                                                                                                                                                                                                 inflation, policymakers will also have one
                                                                                                                                                                                                                                                                                                                                                                                                                                                consecutive month, but the account of                                                                                                                                                                                                     will have ever experienced an increase in
                                                                                                                                                 existing homes were unchanged in                                                                                                                                                                                                                                                                                                                eye on Brexit, as they need to manage                                                                                                                                                                                                               10%
                                                                                                                                                                                                                                                            1.25                                                                                                                                                                                the meeting held by rate-setters attracted                                                                                                                                                  Prime central London prices for               their mortgage payments.

                                                                                                                                                                                                                                                  Percent
                                                                                                                                                 September, taking the annual rate of          Annual house price growth, Q3 2017                                                                                                                                                                                                                                                                the potential economic effects of the UK’s
                                                                                                                                                                                                                                                                                                                                                                                                  Prime central London prices for               attention, particularly on the foreign
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      5%
                                                                                                                                                 decline to -4.6%, from -6.7% in January                                                                    1.00                                                                                                                                                                                                                                 withdrawal from Europe.                                                                                                                    existing homes edged up by 0.1%                However, what happens next is likely to set
                                                                                                                                                                                                                                                                                                                                                                                                  exisiting homes dipped 0.2% in                exchange markets. The ‘minutes’ of the
                                                                                                                                                                                                          1.9%                                                                                                                                                                                                                                                                                                                                                                                                                              in October, taking the annual rate of          the tone. Last month’s move was simply
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      0%
                                                                                                                                                                                                                                                            0.75                                                                                                                                  August, taking the annual change              rate-setters’ meeting, published after every     The discussion around increasing interest
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            decline to -3.6%                               a reversal of the cut in August of last year
                                                                                                                                                 Prime English country home prices                                                                                                                                                                                                                to -5.4%                                      rate decision, indicated that the Bank           rates comes as mortgage rates have hit                                                                                                                                                   6%                                                         -5%

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 near record-lows. While accessing a                                                                                                                                                       following the vote to leave the European

        5. The Lightwell                       12. Moseley Central
                                                                                                                                                                                                                                                            0.50
                                                                                                                                                 dipped by -0.1% in Q3, taking the                                                                                                                                                                                                                                                              may be preparing to raise rates – and                                                                                                                                                                                                                                                               -10%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 mortgage still requires a substantial                                                                                                      Prime English country home prices              Union and means that the base rate is still
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          5%
                                                                                                                                                 annual rate of growth to 0.2%                                             2.5%                             0.25                                                                                                                                                                                this caused the pound to climb to $1.35
                                                                                                                                                                                                                                                                                                                                                                                                  Average UK rents rose by 1.6% in the                                                           deposit, those who have access to this                                                                                                                                                    at a historically low level. Another rate rise           -15%
                                                                                                                                                                                                                                                                   2010 2011 2012 2013 2014 2015 2016 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                against the US dollar, up from around                                                                                                                                                       dipped by -0.1% in Q3, taking the
                                                                                                                                                                                                                    2.8%                                                                                                                                                                          year to August, down from 1.8% in July                                                         finance can take advantage of rates as low                                                                                                                                               4%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           in the coming months would likely have
                                                                                                                                                                                                                                                  Source: Knight Frank Research/BOE                                                                                                                                                             $1.25 at the beginning of the year, although                                                                                                                                                annual rate of growth to 0.2%                                                                           -20%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
                                                                                                                                                 Prime Scottish house prices edged up                                             0.4%                                                                                                                                                                                                                                                           as 1.6% fixed for five years.                                                                                                                                                             a firmer impact on sentiment. It is also
                                                                                                                                                                                                                                                                                                                                                                                                                                                this is down from $1.70 in 2014.                                                                                                                                                                                                          3%
                                                                                                                                                 by 0.2% in Q3, with an annual change in                                                          A lack of supply of housing has also been                                                                                                                                                                                                                                                                                                                                                                                                worth noting that while economists are                   Source: Nationwide
                                                                                                                                                                                                                                                                                                                                                                                                  UK interest rates held at 0.25% for                                                            Meanwhile, house price growth continues
                                                                                                                                                 values of -0.3%                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Prime Scottish house prices edged              forecasting more rate rises, they expect
                                                                                                                                                                                                                                    5.1%          a key factor in pricing in some parts of the                                                                                                    13th consecutive month                                                                         to moderate. Average values across the                                                                                                                                                   2%
                                                                                                                                                                                                                                                                                                                                                                                                                                                Pound strengthens against the dollar                                                                                                                                                        up by 0.2% in Q3, with an annual               that the base rate will be at 1% by 2020 –               All eyes will now turn to the Chancellor,
                                                                                                                                                                                                                           4.6%                   market. Indeed, the delivery of housing is                                                                                                                                                                                                     UK dipped by 0.1% in August, according
                                                                                                                                                                                                                                           3.9%   now at the top of the domestic political                                                                                                                                                                                                       to Nationwide, taking annual growth to                                                                                                     change in values of -0.3%                      still near record low rates.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          1%                                                        Philip Hammond, as he prepares to deliver

        6. Galbraith house                     13. The Mansion House
                                                                                                                                                                                                                                                                                                                                                                                          1.50                                                  1.50
                                                                                                                                                                                                             2.6%                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   the Autumn Budget on November 22nd,
                                                                                                                                                                                                                                        -0.6%
                                                                                                                                                                                                                                                  agenda. Data suggests that net additions                                                                                                                                                                                                       2.1%. A breakdown of regional house price
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          0%
                                                                                                                                                                                                                                                  of new homes in England rose to above                                                                                                   1.45                                                  1.45
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 growth calculated by the Office for National                                                                                                                                                                                                       the first major set piece following this year’s
                                                                                                                                                                                                                       4.8%          3.9%                                                                                                                                                                                                                                                                                                                                                                                                                                                 UK2008 2009 2010 2011 2012 2013 2014 2015 2016
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              base   rate v mortgage rates                   2017

                                                                                                                                                                                                                                                  200,000 in 2016/17, a key milestone, but                                                                                                1.40                                                  1.40                                             Statistics, shows that the East of England                                                                                                                                                                                                         snap General Election in June. Housing
                                                                                                                                                                                                                                                  some way off the 250,000 Government                                                                                                                                                                                                            and the Midlands are leading the growth,                                                                                                                                                  8%                                                       has leapt up the political agenda in recent
                                                                                                                                                                                                                                                  target. The Communities Minister                                                                                                        1.35                                                  1.35                                             with London showing the most modest                                                                                                                                                                      United Kingdom, Policy Rates, Bank Rate
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    months and is likely to feature heavily.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           7%             2 Year (75% LTV) Fixed Rate Mortgage
                                                                                                                                                                                               Source: Nationwide                                 announced earlier this month that there                                                                                                                                                                                                        level of annual growth. However, this                                                                                                                                                                    5 Year (75% LTV) Fixed Rate Mortgage
                                                                                                                                                                                                                                                                                                                                                                                          1.30                                                  1.30                                                                                                                                                                                                                                                                                                The property industry’s wish-list for the
                                                                                                                                                                                                                                                  would be an extra £10 billion in funding for                                                                                                                                                                                                   comes after several years of very strong                                                                                                                                                  6%
                                                                                                                                                                                               Average residential prices in London have          Help to Buy, while Theresa May pledged                                                                                                  1.25                                                  1.25                                             growth in the capital, and the market                                                                                                                                                                                                              Chancellor is extensive covering both
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           5%

        7. Burne Jones House
                                                                                                                                                                                               shown a year-on-year fall for the first time in    an additional £2 billion for Affordable                                                                                                                                                                                                        remains highly localised, with prices rising                                                                                                                                                                                                       planning and policy. The Budget may be
                                                                                                                                                                                               eight years, but even across this market, there                                                                                                                                            1.20                                                  1.20                                                                                                                                                                                                                                       4%
                                                                                                                                                                                                                                                  Housing. The November Budget may be the                                                                                                                                                                                                        strongly in some boroughs.                                                                                                                                                                                                                         the opportunity for the Government to
                                                                                                                                                                                               are strong local differences in pricing. Data                                                                                                                                                        GRÁINNE GILMORE                                                                                                                                                                                                                                                                        3%                                                       announce additional changes or support to
                                                                                                                                                                                                                                                                                                                                                                                          1.15      Head of UK Residential Research             1.15
                                                                                                                                                                                               from the Land Registry, which is calculated                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          further boost supply.
                                                                                                                                                   GRÁINNE GILMORE                             on a different basis to the Nationwide, shows      Net Supply of Housing, England                                                                                                                                                                                                                 UK average house prices                                                                                                                      GRÁINNE GILMORE                              2%

                                                                                                                                                   Head of UK Residential Research
                                                                                                                                                                                                                                                                                                                                                                                          1.10
                                                                                                                                                                                                                                                                                                                                                                                                   “Amid increasing                             1.10
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Head of UK Residential Research

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                                                                                                                                                                                               double-digit price growth in Camden and                                                                                                                                                                                                                        2016                   2017        Annual % change                                                                                                                                                                           1%                                                       Official housebuilding figures released this
                                                                                                                                                                                               Hackney in the year to August 2017.                          250,000                                                      Net supply of houses                                                       speculation that a rate                     Source: Knight Frank Research/ BOE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  15%                                                                                                                                                                                      0%                                                       month by DCLG showed annual housing
                                                                                                                                                  “Data indicates that net                     Overall price growth across the country has
                                                                                                                                                                                                                                                                                                                         New-build completions
                                                                                                                                                                                                                                                                                                                         EPCs                                                                       rise in the UK might                        The money markets now assess that the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             “All eyes now turn to the                          2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    supply in England amounted to 217,350
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  10%                                                                                                                                                                                                                                               net additional dwellings in 2016-17, up
                                                                                                                                                   supply of housing in                        been underpinned by low mortgage rates for
                                                                                                                                                                                                                                                            200,000
                                                                                                                                                                                                                                                                                                                                                                                                    be
                                                                                                                                                                                                                                                                                                                                                                                                     2016
                                                                                                                                                                                                                                                                                                                                                                                                          on the cards
                                                                                                                                                                                                                                                                                                                                                                                                                    2017
                                                                                                                                                                                                                                                                                                                                                                                                                         in the                 likelihood of a rate rise in November is                                                                                                                                                      Chancellor as he prepares                   Source: Bank of England

                                                                                                                                                                                               those who have access to equity or a deposit,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        15% on 2015-16.
                                                                                                                                                   England rose to more                        but all eyes are now turning to the Bank of                  150,000
                                                                                                                                                                                                                                                                                                                                                                                                    coming months, the Bank                     at around 60%. However, the Bank has               5%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              to deliver the Autumn                       Households with a variable rate mortgage
                                                                                                                                                                                                                                                                                                                                                                                                                                                indicated several times over the last few                                                                                                                                                                                                                                                           Stamp duty, which is payable on all
                                                                                                                                                   than 200,000 in 2016/17,                                                                                                                                                                                                                         of England Governor                                                                                                                                                                                                                       Budget on November

                                                                                                                                                                                                                                                  Number
                                                                                                                                                                                               England as its Monetary Policy Committee
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   0%                                                                                                                                                                                     will be most affected by the 0.25% rate
                                                                                                                                                                                                                                                                                                                                                                                                                                                years that rate-setters were minded to raise                                                                                                                                                                                                                                                        residential purchases, remains another
                                                                                                                                                   a key milestone, but                        gears up to decide whether to raise interest                 100,000                                                                                                                                 has emphasised that                         rates, and no increase has yet materialised.      -5%                                                                                                                                         22nd, the first major set                   rise. While it is likely that mortgage rates
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    sticking point. It is seen as a barrier to
                                                                                                                                                                                               rates early next month. Swap and LIBOR                                                                                                                                                                                                                                                                                                                                                                                                                                                     on new home loans will rise slightly, the
                                                                                                                                                   some way off the 250,000                    rates, the money market rates that determine
                                                                                                                                                                                                                                                                                                                                                                                                    any changes would be                        In a recent speech, Mark Carney, the             -10%                                                                                                                                         piece following June’s                      move is unlikely to have an impact on
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    moves up and down the housing ladder,
                                                                                                                                                   Government target.”                         fixed-rate pricing, have already started to
                                                                                                                                                                                                                                                             50,000
                                                                                                                                                                                                                                                                                                                                                                                                    ‘gradual and limited’.”                     Bank of England Governor, indicated that         -15%
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              General Election.”                          overall pricing.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    as well as for those saving for a deposit.
                                                                                                                                                                                               rise. However, even if there is a quarter-point                                                                                                                                                                                                  even if rates did start to rise, it would be a                                                                                                                                                                                                                                                      There is speculation that first-time buyers
                                                                                                                                                   Follow Gráinne at @ggilmorekf                                                                                                                                                                                                                    Follow Gráinne at @ggilmorekf                                                                                                                                                                                                             Follow Gráinne at @ggilmorekf               Across the UK, average house prices
                                                                                                                                                                                               rise, the base rate will still be ultra-low by                      0
                                                                                                                                                                                                                                                                                                                                                                                                                                                gradual process. He said: “Any prospective       -20%                                                                                                                                                                                                                                               may see some change in stamp duty

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                                                                                                                                                   For the latest news, views and analysis     historical standards,, and mortgage rates are                                                                                                                                                        For the latest news, views and analysis     increases in Bank Rate would be expected                                                                                                                                                      For the latest news, views and analysis     rose by 2.5% over the year to October,                    rules, which emerged as new data shows
                                                                                                                                                   on the world of prime property, visit our   likely to remain attractive compared to long-                                                                                                                                                        on the world of prime property, visit our   to be at a gradual pace and to a limited                                                                                                                                                      on the world of prime property, visit our   according to the latest data from                         that the levy raised £9.4bn in the year to
                                                                                                                                                   blog or follow @KFIntelligence              term norms.                                        Source: Knight Frank Research/DCLG                                                                                                                blog or follow @KFIntelligence              extent, and to be consistent with monetary       Source: Nationwide                                                                                                                           blog or follow @KFIntelligence              Nationwide. This was a slight pick-up from                September, taking receipts to a record high.
www.knightfrank.co.uk/newhomes
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