Global Property Search

The interface means that vendors can market properties through one powerful channel, with access to some of the best buyers around the world. Buyers also now have the option to search for properties that have water views, skiing, golf or vineyards across the world.   So when you market your property with Sadler´s you have a doorway into one of the most sophisticated Agency websites in the world. As part of Knight Frank´s overall marketing strategy, this is an integral part of cementing their position as a trusted advisor in the global residential property market.

All of Knight Frank´s 110 global office searches have been combined into one single search, making it easier for buyers to not only search for properties, but by using the new 'My Knight Frank' feature, saving properties to a list of favourites, contacting agents directly and getting a detailed view of the features of every property.

This year we have been delighted to see the launch of the new online Global Residential Property Search.  It is accessed through the property seach icon on the home page of our Sadlersproperty.com site.

The gobal search has over 450,000 visitors and grows by 18,000 per month. It was developed completely in-house by the Knight Frank web team and is unique to us. The Global Search website is a new and exciting way of finding Knight Frank properties around the world.

The innovative, online Global Search has been developed for the benefit of Knight Frank clients across the globe. It showcases aspirational properties from every office across our global network and includes around 6000 properties available to search, with more added every day.  

Winners of Best International Property Website

This award means that Knight Frank leads the pack with estate agency websites in the UK and beats all our UK competitors, with the most number of hits. Therefore Sadler´s vendors can be assured that their properties will be displayed on the best UK website.

The Knight Frank website also automatically feeds to all the leading property portals in UK and Europe.

Our website are up-dated 4 times a day so anyone browsing, can be sure that all the information is up to date.

Algarve Property Market Welcomes Ryanair

Knight Frank Research informs Algarve Property Buyers

The new Wealth Report is now available through Sadler´s website offering a valuable research tool for our clients buying and selling property in the Algarve.

To access please click on wealth report window on the right of our home page. See press realease below.

Knight Frank and Citi Private Bank launch The Wealth Report 2010

Date : 23 March 2010

The 2010 edition of The Wealth Report is the fourth such collaboration between Knight Frank and Citi Private Bank. 

It includes unique insight into the following topics:

• The performance of prime global residential property
• The cities that really matter to the world's wealthy
• The attitude of the wealthy towards property and other investments
• A detailed focus on prime property markets in Asia Pacific

 Key highlights:

• The latest results from the Knight Frank Prime International Residential Index (PIRI) show that luxury house prices fell on an annual basis in almost 75% of the locations tracked by the index in 2009
  

• Key Asian cities, however, showed exceptional growth (Shanghai +52%, Hong Kong +40.5%), while other prime city locations also saw an improvement in performance (London +6.1%, Washington DC +5.6%)
  

• London has surrendered its ranking as the world’s top city to New York, according to the latest Knight Frank World Cities Survey
  

• Government intervention following the global credit crisis means capital cities such as Washington DC and Beijing are becoming increasingly important financial centres
  

• Property accounts for one-third of the investment portfolios of wealthy investors, according to The Wealth Report 2010 Attitudes Survey. Over 70% believe 2010 will be a good year to invest in property, with half predicting residential property will be the sector’s top performer
  

• When making investment decisions, the majority of wealth investors rely on their own expertise. Most do not expect their wealth to increase significantly in 2010, but only 4% expect it to decline
  

• Prime property can offer the wealthy an entirely new way of life, as well as just a new home, according to an exclusive interview with Trudie Styler
  

• The market for contemporary art is booming again as buyers from the world’s new economies flex their muscles
  

Liam Bailey, head of residential research, Knight Frank, commented:
 
“The Wealth Report 2010 reveals that the global market for prime residential property polarised during 2009. While some Asian cities saw phenomenal growth as China recovered strongly from the global recession, most locations around the world recorded price falls. The hardest hit were those such as Dubai and Dublin that really soared during the height of the property boom that preceded the credit crunch.
 
“I do believe, however, that we will see this gap narrow again in 2010. It seems unlikely that property prices in cities such as Shanghai can continue to grow at these kind of rates, and in many locations there was positive growth in the latter half of 2009. In New York, for example, prices rose 2% in the second half of the year, despite an annual slide of over 12%. It is also worth noting that Hong Kong, one of this year’s strongest performers, was one of last year’s weakest.
 
“Without doubt, the global recession has had a huge impact on prime property markets, but some of the changes have been more subtle than the headlines might suggest. The fiscal intervention by the administrations in Beijing and Washington DC means that these cities are now viewed as financial as well as administrative hubs. This is already having an impact on each city’s prime property market as more banks gravitate towards them.
 
“Government intervention, however, does not always have a positive impact on a city’s desirability. Even though prime property prices increased strongly in London last year, the city surrendered it position at the top of the Knight Frank Global Cities Survey, which ranks cities according to various factors of importance to the world’s wealthy. London’s reputation has undoubtedly suffered in light of new UK tax legislation and the government’s attack on City bonuses.
 
“Although there are still questions over the state of the global economy, property remains a core part of the wealthy’s investment portfolios. It accounts for one third of their investments and the majority expect it to grow in value this year. Current price falls will be viewed by many as a buying opportunity, but as the data from our Prime International Residential Index shows, these windows of opportunity do not always remain open for long.”
 
David Poole, head of Citi Private Bank, UK commented:
 
"The impact of the financial crash has not been as hard on the typical ultra-high-net worth buyer of prime property. This means that many wealthy owners of property are again looking for investments. Our clients look for opportunities when everyone else is circling the wagons. Buying becomes opportunistic in a downturn, particularly as people turn to hard assets such as property when other assets experience dislocation.”
 
"How to buy has never been more sophisticated. There is a myriad of direct property investment options, funds and listed and unlisted companies, as well as more complicated instruments, such as derivatives, now on offer. This allows investors to build up a portfolio spread over asset classes and sectors, as well as risk and reward.”
 
Visit: www.knightfrank.com/wealthreport to read each article or download the entire report.

For further information, please contact:

• The Wealth Report 2010

Sadlers in Evening Standard, Algarve Property Report

Sadler´s have contributed to an article on Buying Property in the Algarve, published in the Homes and Property section in the Evening Standard on 24th March.

The article which is entitled "Homes on the Wild Frontier" highlights the benefits and competitive prices of the Western Algarve. Please click on link to read the article.

Iphone App makes it easier to look for property in Algarve

Now it is easier than ever to search for villas and apartments in the Algarve with the new Knight Frank I phone app. If you are visiting the Algarve and want to quickly view properties for sale, simply download the app in order to view all of Sadlers properties in the Western Algarve.

Knight Frank´s  Property Search App is now available from the App Store. The app enables users to search across more than 6,000 of the world’s best properties for sale or rent using their iPhone or iPod touch.

Discount Accommodation for clients wishing to view Property

Are you thinking of a short trip to the Algarve to view property? We can offer you a discount on self catering   Rental Apartments   on the beach in Luz. Please contact info@luzbeachapartments.co.uk and say you are a Sadlers client.

www.luzbeachapartments.com

Sadler´s Property Move Office

The important news for those looking for property in the Western Algarve is that Sadler´s have moved office!

We are delighted to announce that as of Monday, 27th April Sadler’s Property, in association with Knight Frank, are moving to a new office on the beachside promenade of Praia da Luz, returning to where the Sadler´s business first started!

It will be business as usual on Rua do Poço, where we will continue to cover the key property markets of Luz, Lagos and the resorts of the Western Algarve, and offer the same professional level of service that people have come to expect from us over the years.

All our contact details will stay the same.

We look forward to welcoming you to our new office, which is located behind the very active Luz beach and promenade, improving both our visibility and accessibility for clients and colleagues alike.  Please see map to view our new location.  Our new address is Sadler's, Rua do Poço, Praia da Luz, Luz/Lagos 8600-192, Algarve, Portugal.

Algarve continues to grow as centre for Cruise Operators

Second home property buyers in the Western Algarve, may be interested to learn that Portimão has received a further boost to its expanding port.
Pullmantur´s ship "Express" will be sailing into the Port as part of an itinary that includes, Malaga, Tangiers and Lisbon.
In total Empress will bring 27,000 tourists into Portimão and the Western Algarve before 2011.
Last year Portimão received 38 vessels and 23,588 passengers a rise of 110 % compared to 2008.
the weekly ferry to Madeira contributes with annual passenger numbers of 27,826.

Faro airport out performs rest of EU

The Algarve´s property market has bolstered airport figures for the regions airport.
The number of passengers travelling through Portuguese airports fell by only 3.8% in 2009 in comparison to 2008. The EU average was 5.7% suggesting that Portugal has faired better than other European 2nd home destinations.

Knight Frank still performs well despite property down-turn

Partners at Real Estate Agency Knight Frank, whom Sadlers Property act as accociates for in the Western Algarve, have scooped bonuses woth an average of £600,000 as business returned to near pre-credit crunch levels.
The firm which handles both residential, Intenational and commercial property transactions saw pre-tax profits climb 168% to £58.4 million for the year to March 2010. Just short of the £58.2 million profit achieved 2007-2008.
Nick Thomlinson, senior partner at Knight Frank said the rewards were "a reflection of the big turnaround" at the business. Knight Frank moved quickly during the recession to cut its costs, with about 10% of staff losing their job.
Thomlinson warns however that sellers still need to be realisitc to achieve sales; "We are not going to see the heady boom days of the last few years for a long, long time," he said. "People need to readjust their thinking. We are back to what I would call a normal market."

Big Boost for the Algarve Property Market

The new Cascade Performance Sports Academy project in Lagos will provide a welcome boost for the property market and tourism. Located on the truly stunning ocean front  site of Ponte da Piedade, the project will include a football academy, directed by former England manager Sven Goran Eriksson, a tennis academy, directed by world former number one Stefan Edbeerg and a golf academy designed by presitgious company European Golf Design. German alpine skier and former world champian Martina Ertlrenz will be in charge of recreational sports.

The Lagos area is currently bustling with new ventures which are bound to bring more property buyers to the area. "I am very proud to be part of this project and I really do believe in it. I think cascade is going to appeal to young local residents, which is quite important because there are many talents in Portugal," said Eriksson. "It can become something really big."

The cascade performance sports academies will feature high end faciliteis, such as 5 hard tennis courts, two full size FIFA approved football pitches, a double ended driving range, putting green and course, and a corporate events and hospatatility centre.

Global Residential Forecast offers valuable insights for Portugal Property

The Global Residential forecast for 2011 from Knight Frank´s research department considers why house prices are rising in the majority of countries around the world.

The noticable acception to this, is in a number of European countries including Ireland where prices are down 31% and in some areas by as much as 50%. As the Algarve benefited from the Irish investor bubble this goes some way to explain why the Algarve Second Home market is still slugglish.

Knight Franks Liam Bailey reports that the Asia and pacific locations perform best on a table with European locations still at the bottom of the table. However recent trends in price rises can be explained by the un-intended consequeces of the economic stimulus measures put in place by governments. With ultra low interest rates and targeted supports for banks encouraging the affluent to put their money in property. A trend that Sadlers saw in the Algarve in 2009.

In the UK there is the expectation that prices will fall again in the later part of 2010 due to austerity measures by the government such as tax hikes and spending cuts. We expect this to again effect the Algarve second home market given that it is predominantly led by UK buyers.

The report predicts that the worst effected markets such as Spain, Ireland and some Eastern European countries are set to experience further falls over the next 18 months but that the rate of decline will slow, predicted at 11% in Ireland. This will be due to the fact that prices will return to something close to a "sustainable" level. As the relationship between prices, rents and comes will fall more in line with their long term average.  Sadlers expect that the 2nd home market in the Algarve will replicate this trend, with vendors still needing to adjust prices further to sell.

"The global resiedential market is undoubtedly in a stronger place than it was in mid 2008 or 2009, but as we move through the second half of 2010 the number of risks to the sector seem to be rising." The report identifies that the ablility of lenders to offer new funding to the  market in an environment where debt levels are still high in the west will porve critical in 2011." This has has a particular impact in the Algarve with 2nd home buyers un-willing or unable to borrow money to finance a 2nd home.

Another identified trend may be the funding contraints for buyers and developers limiting the recovery of the construction sector meaning that a structural under-supply of housing will contribute to slightly higher than trend rates of growth from 2010 onwards with the noticable exceptions being Ireland and Spain, where a significant over-hang of supply will limit this recovery.

Overall we conclude from this report that the next 18 months will continue to be a tricky time for the Algarve 2nd home market, but that the current market offers a unique opportunity for buyers with cash to manipulate their strong position and buy at way below boom price levels.

If you wish to read this report please click on the link below.

http://resources.knightfrank.com/GetResearchResource.ashx?id=12060

New Belgium sales partner to introduce second home buyers to the Algarve

2011 Wealth report available for insight into global property market

People interested in the Algarve property market are advised to obtain Knight Frank´s  new wealth report

If you are buying or selling propery in the Algarve and wish to obtain Knight Frank´s new analysis of the global property market you can apply through Sadlers.com using the link above.

The definitive guide to the world of international prime residential property, The Wealth Report is produced by Knight Frank in conjunction with Citi Private Bank.

An annual publication, it offers a unique perspective on the key luxury property markets around the world, as well as providing an insight to the attitudes of the wealthy towards property and other investment classes.