2023-11-17-莱坊-UK_Residential_Investment_–_Yield_Guide_November_2023_2页_322kb

报告摘要

Knight Frank Prime Yield Guide – November 2023 Summary

Date Prepared: November 16, 2023 (Indicative Purposes Only)

Yield Basis: Reflects income-focused transactions for prime, stabilized institutional-grade assets using Net Initial Yield (NIY), assuming a full rack leased property.

Market Overview & Changes

Prime London - Direct Let

Nov 23 NIY: 4.25%
Change (STABLE): Stabilized, showing minimal change from previous months.

Prime Regional - Direct Let

Nov 23 NIY: 5.00%
Change (STABLE): Also remained stable throughout the listed period.

Student Property

Prime London - 25 yr lease, Annual RPI:
- Nov 23 NIY: 4.25%
- Change (NEGATIVE): Indicates a downward trend recently.
Prime Regional - 25 yr lease, Annual RPI:
- Nov 23 NIY: 4.50%
- Change (NEGATIVE): Shows a negative sentiment or declining trend.

Other Notable Areas

Zone 1 London Prime: Remaining stable around 3.85-3.90%.
Zone 2 London Prime: Showing minor upward trends (e.g., +0.10%).
Zones 3-4 London Prime, Greater London Prime, Build to Rent South East Prime: Mostly stable.
Tier 1 Regional Cities: Prices have increased, leading to stable/mildly rising yields (from 4.00% to 4.50%).
Tier 2 Regional Cities: Similar to Tier 1, showing a slight upward trend against yields.
South East–Single Family Housing & Regional –Single Family Housing: Stable yields.
Seniors Housing Prime South East: Highly stable (consistent yields initially, then stable).
Waste/ Energy & Infrastructure: Only referenced within contacts section, not a yield-covered segment.