Latest news with #LiamBailey
Economic Times
5 days ago
- Business
- Economic Times
India's housing prices rise 7.7% annually, ranks 15th globally in Q1
Synopsis India's housing market demonstrates robust growth, securing 15th position globally with a 7.7% nominal price increase in Q1 2025. Strong domestic demand, rising incomes, and investor confidence fuel this positive momentum. Experts anticipate continued resilience throughout 2025, driven by economic expansion and stable interest rates. IANS India has emerged among the world's strongest housing markets, recording annual residential price growth of 7.7% in nominal terms and 4.2% in real terms in the first quarter of 2025. The country ranked 15th out of 55 markets tracked, ahead of the US, UK, and Australia. On a quarterly basis, Indian home prices rose 2.9%, underscoring sustained buyer confidence amid steady demand and a gradually improving borrowing environment, according to Knight Frank's Global House Price Index. 'India's residential market continues to benefit from strong end-user demand, rising incomes, and renewed investor interest. The positive price momentum reflects the strength of our housing sector, even in the face of global economic uncertainty. As interest rates stabilize further, we expect demand to remain healthy, particularly in mid- and premium housing segments,' said Shishir Baijal, CMD, Knight Frank annual price growth across the 55 markets in Knight Frank's basket rose to 2.3% in the first quarter of 2025 from 1.7% in Q4 2024, though still below the long-term average of 5.1%. The improvement reflects early signs of a turnaround in the housing cycle following policy rate cuts in several North Macedonia, and Portugal led global rankings with double-digit annual growth, while Mainland China and Hong Kong SAR saw the steepest declines, the report showed. 'Global house-price growth has rebounded modestly above its long-run trend on the back of early rate cuts, but real affordability remains stretched. We believe further policy easing this year will be needed to sustain growth at or above trend,' said Liam Bailey, Knight Frank's Global Head of report notes that 87% of markets recorded positive annual growth in the quarter, a sharp improvement from recent years when higher borrowing costs had cooled demand in several regions. However, affordability challenges persist in many major cities worldwide, limiting the scope for a broad-based recovery without further monetary rise in the global rankings reflects the continued resilience of its residential market, a trend that market observers expect to hold through 2025, with domestic demand and economic growth remaining strong.
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Business Standard
5 days ago
- Business
- Business Standard
Home prices surge 7.7% annually: India beats US, UK, Australia, ranks 15th
India's housing market is proving to be a bright spot in the global real estate landscape, with Knight Frank's latest Global House Price Index (Q1 2025) ranking the country 15th out of 55 markets worldwide. Residential prices rose 7.7% in nominal terms and 4.2% in real terms year-on-year, outpacing major economies such as the US, UK, and Australia. On a quarterly basis, prices climbed 2.9%, signalling steady buyer confidence despite global economic headwinds. The growth comes on the back of robust end-user demand, improving macroeconomic conditions, and early signs of borrowing cost moderation. 'India's residential market continues to benefit from strong end-user demand, rising incomes, and renewed investor interest. As interest rates stabilize further, we expect demand to remain healthy, particularly in mid- and premium housing segments,' said Shishir Baijal, Chairman & Managing Director, Knight Frank India. Knight Frank Global House Price Index In Q1 2025, the weighted average annual price growth across our basket of 55 global housing markets picked up to 2.3%, up from 1.7% in Q4 2024, although the rate sits below the long-run trend rate of 5.1%. Global Context Across the 55 tracked markets, 87% saw positive annual growth. Turkey led the rankings with a 32.2% surge, followed by North Macedonia (22.6%) and Portugal (16.9%). At the other end, Mainland China and Hong Kong SAR saw the steepest price drops. The index showed global house price growth averaging 2.3%, up from 1.7% in Q4 2024, driven largely by early policy rate cuts. However, Knight Frank warns that affordability pressures remain elevated, and further easing measures may be necessary to sustain momentum through 2025. 'Global house-price growth has rebounded modestly above its long-run trend on the back of early rate cuts, but real affordability remains stretched. We believe further policy easing this year will be needed to sustain growth at or above trend' said Liam Bailey, Knight Frank's Global Head of Research. For Indian homebuyers, the data points to a resilient and appreciating asset class, especially in mid- to premium segments. For investors, the sustained momentum—despite global uncertainty—signals that India remains an attractive real estate market, offering both stability and growth potential.
Yahoo
19-06-2025
- Business
- Yahoo
London mansion sales collapse as non-doms flee Britain
Mansion sales in London have slumped as the Chancellor's tax raid dents the capital's appeal to wealthy buyers. Transactions involving London homes worth more than $10m (£7.5m) plummeted by 37pc year-on-year in the first three months of 2025, according to Knight Frank. The value of deals also dropped by 30pc to £592m. Separate data from LonRes showed a 15pc drop in sales of properties worth £5m or more. However, there was a 22pc leap in these homes being put on the market. Knight Frank blamed the slump on London's 'adverse taxation shifts'. It comes after Rachel Reeves scrapped non-dom status and began charging 40pc inheritance tax on global assets. Taxes on private schools fees have also increased. The changes have prompted many wealthy people to move out of Britain to escape the charges. Ms Reeves is now considering reversing her inheritance tax changes in an effort to stem the exodus. Liam Bailey, of Knight Frank, said: 'London has definitely been hit by much greater uncertainty around wealth taxation. The super-prime market hasn't stopped, but it is a lot tougher than it was.' He said non-doms were 'not the majority of buyers in this market segment', but there 'has been a degree of contagion through weaker sentiment'. Mr Bailey said: 'The key issue for the market is that the UK is just lacking a coherent narrative around where it wants to go in terms of attracting very mobile global wealth. 'London has massive strengths and attractions for this group – but if it is thought that it is good to have wealthy people in your country, it looks like we need a stronger plan from the Government to attract them. The competition from Italy, Dubai, the US and beyond is getting tougher.' Sales of properties worth $10m or more rose by 5.7pc in Dubai over the first three months of the year according to Knight Frank. The estate agency said its 'low tax environment continues to draw global capital'. Other global hotspots include New York and Palm Beach in south Florida. A lack of buyers in London is forcing wealthy sellers to offer steep discounts. LonRes said there were 45pc more discounts to mansion asking prices than there were last year. Magda Wierzycka, the millionaire founder of UK venture capital fund Braavos, described her struggle to offload a property in Kensington to The Telegraph on Wednesday. She said: 'I put my flat in Kensington on the market five months ago, but because so many like me are leaving there are hardly any buyers.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
19-06-2025
- Business
- Telegraph
London mansion sales collapse as non-doms flee Britain
Mansion sales in London have slumped as the Chancellor's tax raid dents the capital's appeal to wealthy buyers. Transactions involving London homes worth more than $10m (£7.5m) plummeted by 37pc year-on-year in the first three months of 2025, according to Knight Frank. The value of deals also dropped by 30pc to £592m. Separate data from LonRes showed a 15pc drop in sales of properties worth £5m or more. However, there was a 22pc leap in these homes being put on the market. Knight Frank blamed the slump on London's 'adverse taxation shifts'. It comes after Rachel Reeves scrapped non-dom status and began charging 40pc inheritance tax on global assets. Taxes on private schools fees have also increased. The changes have prompted many wealthy people to move out of Britain to escape the charges. Ms Reeves is now considering reversing her inheritance tax changes in an effort to stem the exodus. Liam Bailey, of Knight Frank, said: 'London has definitely been hit by much greater uncertainty around wealth taxation. The super-prime market hasn't stopped, but it is a lot tougher than it was.' He said non-doms were 'not the majority of buyers in this market segment', but there 'has been a degree of contagion through weaker sentiment'. Mr Bailey said: 'The key issue for the market is that the UK is just lacking a coherent narrative around where it wants to go in terms of attracting very mobile global wealth. 'London has massive strengths and attractions for this group – but if it is thought that it is good to have wealthy people in your country, it looks like we need a stronger plan from the Government to attract them. The competition from Italy, Dubai, the US and beyond is getting tougher.' Sales of properties worth $10m or more rose by 5.7pc in Dubai over the first three months of the year according to Knight Frank. The estate agency said its 'low tax environment continues to draw global capital'. Other global hotspots include New York and Palm Beach in south Florida. A lack of buyers in London is forcing wealthy sellers to offer steep discounts. LonRes said there were 45pc more discounts to mansion asking prices than there were last year. Magda Wierzycka, the millionaire founder of UK venture capital fund Braavos, described her struggle to offload a property in Kensington to The Telegraph on Wednesday. She said: 'I put my flat in Kensington on the market five months ago, but because so many like me are leaving there are hardly any buyers.'
The Sun
06-05-2025
- Business
- The Sun
Family offices worldwide are betting on real estate
KUALA LUMPUR: Family offices worldwide are increasing their exposure to real estate, recognising its potential for long-term growth and wealth preservation, according to The Wealth Report, Knight Frank's flagship publication. Between November and December 2024, Knight Frank conducted in-depth interviews with 150 single and multi-family offices globally. The survey panel included 121 single-family and 18 multi-family offices, alongside 11 heads of more diverse structures. Representing 29 cities across Asia, Europe, the Middle East, and the Americas, participants were drawn from key financial hubs such as London, Singapore, New York, Geneva, Sydney, and Hong Kong SAR. The surveyed family offices (FOs) collectively managed over US$84 billion in assets, with an average US$560 million in assets under management (AUM). Approximately 40% of these FOs had operating businesses with a specific focus on real estate. Real estate allocations have increased in the past 18 months, with 28% of family offices expanding their portfolios, compared to only 17% reducing their exposure. The most prominent sectors in current portfolios include offices (20%); luxury residential (17%); industrial (14%) and hotels (12%). Knight Frank global head of research Liam Bailey said: 'Despite ongoing macroeconomic challenges, real estate remains a key pillar of investment strategies for family offices. Our survey shows that 44% plan to increase their exposure to real estate in the next 18 months, while only 10% expect to scale back. The living sectors (14%), industrial/logistics (13%), and luxury residential (12%) are the top three areas of focus for future investments.' Malaysia is actively positioning itself as a leading regional hub for family offices, leveraging its strategic location, robust financial infrastructure, and evolving regulatory framework. The Malaysian government is offering incentives to attract ultra-high-net-worth individuals (UHNWIs) and family offices. According to the Malaysian Investment Development Authority (Mida), Malaysia's growing reputation as a wealth management hub is reinforced by tax-friendly policies and diversified investment opportunities. The government has streamlined regulatory processes and introduced tax incentives to encourage family office participation, particularly in real estate and private equity. These efforts aim to increase foreign direct investment and strengthen Malaysia's position as a financial hub. Malaysia stands to benefit from the findings of The Knight Frank 150, a special family office survey conducted for The Wealth Report 2025. The survey, which included 150 global family offices managing over US$84 billion in assets, revealed that 44% of family offices plan to increase their real estate allocations over the next 18 months, with strong interest in commercial, industrial, and luxury residential properties. Knight Frank Malaysia Group managing director Keith Ooi said: 'Malaysia's vision of becoming a family office hub is supported by its strong real estate fundamentals and competitive investment landscape. Kuala Lumpur continues to attract wealth management firms, while Johor is gaining traction among investors seeking strategic opportunities in luxury residential and industrial assets.' Johor is emerging as a key destination for real estate investment, driven by its strategic location near Singapore and its growing industrial and logistics sectors. The rapid expansion of e-commerce and regional trade has fuelled strong investor interest. With increasing cross-border capital flows, Johor is strengthening its position alongside Kuala Lumpur as a prime hub for family office investments. Malaysia remains an attractive destination for family offices and high-net-worth individuals seeking diversification in real estate. The country's strong infrastructure, expanding economy, and stable property market make it a strategic choice for long-term investments. Knight Frank Malaysia Land & industrial solutions executive director Allan Sim (pic) remarked: 'Industrial and logistics real estate emerges as one of the top sectors for family offices seeking strong and sustainable investments with a long-term redevelopment angle. Malaysia's geographical advantages and proliferating infrastructure continue to drive stable demand for high-specification and sustainable industrial facilities, particularly in Greater KL, Johor and Penang. As global supply chain continues to refine due to geopolitical uncertainty coupled with the government's effort in attracting FDIs into the country, industrial and logistics real estate should remain resilient.' Ooi added: 'Beyond industrial assets, Malaysia continues to see strong demand for premium office spaces and luxury residences, particularly in key urban centers. Investors are drawn to well-located, high-quality developments that offer stable returns and long-term value.' Among family offices actively involving the next generation, 47% have observed some strategic shifts, while 18% report significant changes. A clear trend is emerging where 63% of millennials have already allocated capital toward sustainable investments while only 35% of baby boomers have done the same. These findings highlight the evolving investment landscape, with younger generations shaping new strategies, particularly in ESG-focused real estate and impact investing. Malaysia's efforts to establish itself as a family office hub align with global trends in wealth management and real estate investment. With strong regulatory support, financial incentives, and a maturing investment landscape, the country is well-positioned to attract more family offices seeking stability, diversification, and long-term growth opportunities.
