2025-12-17-莱坊-UK_Living_Sectors_–_Yield_Guide_December_2025_2页_274kb

> **来源：[研报客](https://pc.yanbaoke.cn)** # Prime Yield Guide – December 2025 Knight Frank Intelligence This yield guide is for indicative purposes only and was prepared on $17^{th}$ December 2025. Yields are reflective of an optimum sized income-focussed transactions of prime, stabilised institutional-grade assets. Yields are provided on a Net Initial Yield (NY) basis assuming a rack rented property. SECTOR DEC-24 JUL-25 AUG-25 SEPT-25 OCT-25 NOV-25 DEC-25 1 MONTH CHANGE MARKET SENTIMENT Build to Rent Student Property Prime London - Direct Let 4.25% 4.25% 4.25% 4.25% 4.25% 4.50% 4.50% STABLE Prime Regional - Direct Let 5.00% - 5.25% 5.00% - 5.25% 5.00% - 5.25% 5.00% - 5.25% 5.00% - 5.25% 5.25% - 5.50% 5.25% - 5.50% STABLE Prime London - 25 yr lease, Annual RPI 4.25% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% STABLE Prime Regional - 25 yr lease, Annual RPI 4.50% 4.25% 4.25% 4.25% 4.25% 4.25% 4.25% STABLE Co-Living Zone 1 London Prime 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + STABLE Zone 2 London Prime 5.00% + 5.00% + 5.00% + 5.00% + 5.00% + 5.00% + 5.00% + 5.00% + STABLE Zones 3-4 London Prime 4.15% + 4.15% + 4.15% + 4.15% + 4.15% + 4.15% + 4.15% + 4.15% + STABLE Greater London Prime 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + STABLE South East Prime 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + 4.25% + STABLE Tier 1 Regional Cities 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50% STABLE Tier 2 Regional Cities 4.75% + 4.75% + 4.75% + 4.75% + 4.75% + 4.75% + 4.75% + 4.75% + STABLE South East - Single Family Housing 4.00% + 4.00% + 4.00% + 4.00% + 4.00% + 4.00% + 4.00% + 4.00% + POSITIVE Regional - Single Family Housing 4.50% + 4.50% + 4.50% + 4.50% + 4.50% + 4.50% + 4.50% + 4.50% + POSITIVE Seniors Housing Prime South East 5.25% + 5.25% + 5.25% + 5.25% + 5.25% + 5.25% + 5.25% + 5.25% + NEGATIVE # Prime Yield Guide – December 2025 Knight Frank Intelligence This yield guide is for indicative purposes only and was prepared on $17^{th}$ December 2025. # KEY RESEARCH CLICK TO DOWNLOADSTUDENT CLICK TO DOWNLOADSENIORS Knight Frank Research looks at the latest investment and development trends in the UK Living sectors # Knight Frank V&A # Did you know In addition to valuing assets in the main property sectors and having award winning teams in the Healthcare, Student and Automotive sectors, Knight Frank also has expertise in : - Waste and Energy Infrastructure Garden Centres Film Studios Serviced Offices Data Centres Life Sciences Income Strips Ground Rents - Trading assets Expert Witness - IPOs # KEY CONTACTS VALUATIONS / RESEARCH We like questions. If you would like some property advice, or want more information about our research, we would love to hear from you. # Kitty De Conto Partner - Valuation & Advisory - Build to Rent +44 20 7861 1652 Kitty.DeConto@knightfrank.com # Neil Armstrong Partner - Valuation & Advisory - Head of Student +44 20 7861 5332 Neil.Armstrong@KnightFrank.com # Peter Youngs Partner - Valuation & Advisory - Head of Seniors Housing +442078611656 Peter.Youngs@KnightFrank.com # David Shapland Partner - Valuation & Advisory - Head of Build to Rent +44 20 7861 5455 David.Shapland@KnightFrank.com # Sarah Jones Partner - Valuation & Advisory - Student Property +44 20 7861 1277 Sarah.Jones@KnightFrank.com # Oliver Knight Partner - Research - Head of Residential Development +44 20 7861 5134 Oliver.Knight@KnightFrank.com # KEY CONTACTS CAPITAL ADVISORY # Lisa Attenborough Partner - KFCA - Head of Capital Advisory +44 20 3909 6846 Lisa.Attenborough@KnightFrank.com Knight Frank Research Reports are available at knightfrank.com/research Knight Frank Research provides strategic advice, consultancy services and forecasting to a wide range of clients worldwide including developers, investors, funding organisations, corporate institutions and the public sector. All our clients recognise the need for expert independent advice customised to their specific needs. Important Notice: Knight Frank LLP 2025. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U BAN, where you may look at a list of members' names.