U.K. Luxury Country Home Sales in 2019 Muted by Brexit Uncertainty

Knight Frank | July 08, 2019

U.K. Luxury Country Home Sales in 2019 Muted by Brexit Uncertainty
According to global property advisor Knight Frank, sentiment is the key driver of activity in prime regional markets in the U.K.. Uncertainty surrounding the UK's political landscape means discretionary buyers and sellers are cautious. Consequently, pricing has been subdued and stock levels are muted.
Prime regional values were virtually unchanged in the three months to the end of June 2019, up by 0.1%. On an annual basis, prices were 2.3% lower. Knight Frank agents noted that despite the uncertainty there remains a market for well-priced stock. Buyers, however, are price sensitive and are increasingly knowledgeable about the market.

Spotlight

Joe Lopez, vice president for property management and director of environmental impact at Equity One, Inc. (NYSE:EQY), joined REIT.com for a video interview at NAREIT's 2014 Leader in the Light Working Forum in San Francisco. Lopez was asked about how Equity One has addressed the growing importance of reporting sustainability results. He noted that Equity One started reporting on corporate responsibility and sustainability in 2009, focusing on metrics that were important to the business and its stakeholders. "Over the course of the years, we've really just worked to refine those metrics to make sure we're approaching each one that's important. We've also broadcast the results of the initiatives that we originally rolled out in 2009... and also updated the report each year to include things that we've developed since then," Lopez said.

Spotlight

Joe Lopez, vice president for property management and director of environmental impact at Equity One, Inc. (NYSE:EQY), joined REIT.com for a video interview at NAREIT's 2014 Leader in the Light Working Forum in San Francisco. Lopez was asked about how Equity One has addressed the growing importance of reporting sustainability results. He noted that Equity One started reporting on corporate responsibility and sustainability in 2009, focusing on metrics that were important to the business and its stakeholders. "Over the course of the years, we've really just worked to refine those metrics to make sure we're approaching each one that's important. We've also broadcast the results of the initiatives that we originally rolled out in 2009... and also updated the report each year to include things that we've developed since then," Lopez said.

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