Liam Bailey, Knight Frank
Liam Bailey, Knight Frank
12 August 2020
Powering Your Property: Is now the time to buy a second property?
The COVID-19 crisis has fundamentally changed the way we live our lives. For many people the home has become a hub from which we work, exercise, learn, socialise and relax, with demands on the home expanding and people having had time to reflect on the way they live and use their space.
And, according to the latest buyer survey by Knight Frank, one in four survey respondents, said they were more likely to move home in the next 12 months as a result of the pandemic. Some are even looking beyond their current shores.
To find out more we spoke to Liam Bailey, Global Head of Research at Knight Frank.
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Listen to his previous podcasts:
3 September 2019
No-deal Brexit Could Hit House Prices': Still Worth It For Investors?
According to research by Knight Frank, which assesses prime international residential market movements and currency swings to pinpoint opportunities for global investors – London is offering the biggest relative residential price discounts in comparison to other major cities. In June, the number of new buyer registrations in prime Central London rose by 31 per cent compared to a year ago, while viewing volumes were 26 per cent higher than their five-year average. A combination of price falls and a weak pound resulting from Brexit uncertainty are the named reasons behind the results. Slowing markets in New York, Singapore, Sydney and Vancouver also means there are discounts for many global investors in these locations. Liam Bailey, Global Head of Research, Knight Frank shares more on the falling pound and its impact on prime residential prices in the London market.
Download the podcast.