Global Development Report 2020

The report includes the findings from our Global Developer Survey, which represents the views of 160 Knight Frank clients across 22 locations, as well as interviews from an array of industry experts. What is clear, is that the pandemic has accelerated pre-existing trends identified in The Wealth Report 2020 and the recent Global Buyer Survey. These include:

• Space for home offices: Three-quarters of developers are more likely to consider advanced telecommunications and space for home offices to allow for continued flexible home working

• Healthier and greener living: 38% of developers are more likely to consider facilities for bicycles, compared to only 17% that are more likely to consider parking space availability

• Urban appeal: Whilst 41% of respondents said they would be looking to develop in a mix of locations, cities, second-home and rural areas, 45% said they were more likely to solely focus on cities

• Mixed-use schemes: A third of developers are considering adjusting the mix of residential and commercial elements in schemes.

• Closer to home: Following a period of unprecedented restrictions on movement, two in five developers said they would be more likely to be sensitive to the requirements of the domestic market

• Virtual viewings: Almost two-thirds of respondents see sales geared towards virtual offerings from now on.