View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
July 29, 2016

Clive Hopkins

By Spear's

Now an international juggernaut, Knight Frank boasts more than a century’s history selling rural property — and Hopkins, a steadfast country hand, has seen over a quarter of it from the inside.

Hailed as ‘terrific’ and ‘seriously good’ by industry experts, he heads up the farms and estates sales division, a specialist team of nine within the firm’s 30-strong London office.

The land market was ‘absolutely baking hot’ when Spear’s previously caught up him in January 2015. But no more, thanks to the cooling measures brought in by George Osborne in April: ‘The top end of the market, across the board, whether it be London, country houses or estates, has flattened out significantly… It’s really taken the heat and momentum out of the market,’ he says.

The Autumn Statement stamp duty provisions aimed at second homes and investment property have only added to the chill — and introduced ‘massive nervousness into the market, as to where this will stop’. After all, the sums being exacted have a major impact on buyers — even HNWs — for whom home often remains the primary asset: ‘The stamp duty people pay is a one-off payment — it’s like writing a cheque and posting it into the abyss. You can never get it back.’

Content from our partners
Stoneweg, Icona, and CBH Strengthen Partnership with Cromwell Acquisition, Adding €4 Billion AUM to Stoneweg
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds

Topics in this article :
Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network