Mapped: The world’s top ten billionaire cities in 2020
Beijing has overtaken New York as the world’s billionaire capital, according to Forbes.
Reuters: Hong Kong-on-Thames lies in not-too-distant future
A “combination of bold developers and new arrivals” from Hong Kong “could provide a shot in the arm for London’s pandemic-afflicted property market,” writes Karen Kwok for Reuters… “But property developers – and prospective buyers – risk getting carried away.”
London was the biggest super-prime sales market in the world last year
Elite buyers dropped nearly US$4bn on $10m-plus properties in the UK capital in 2020, putting it ahead of traditional rivals New York and Hong Kong in the luxury real estate stakes.
In Pictures: Landmark Madison Ave penthouse sells for $21.6m
Another super-prime apartment has sold in Robert A. M. Stern Architects boutique development in Manhattan.
UK real estate & the Register of Foreign Owners: New registration requirements, explained
As a transparency measure, the Government is set to introduce a Register of People with Significant Control over Overseas Companies owning UK real estate. Ronnie Myers of Burges Salmon and Michelle Cartwright of John Lamb Hill Oldridge explain how to navigate the new rules, which are due to come into force this year.
Get set for the overseas buyer mini-boom
Following a return to a 1970s-style market dominated by domestic buyers, we can expect an influx of international investment this year – particularly from Asia –Â as lockdown measures ease across the world, says Ed Heaton…
Global cities see house price growth accelerate
81% of international city markets tracked by Knight Frank saw property prices rise in the year to Q4 2020; one in five (20%) registered double-digit price inflation.
Overseas landlords ‘undeterred by Brexit’ as numbers hit five-year high
Favourable exchange rates and the stamp duty holiday have spurred many into action.
Sotheby’s expands in the Middle East
Luxury real estate network launches new operation in Muscat, following recent changes to the property system introduced by the Omani government.
Investors are forming ‘clubs’ to skirt the new overseas buyer Stamp Duty surcharge
“Rather than invest in a single buy-to-let personally, some overseas investors are joining ‘club’ deals where they take a share of a collective purchase of six or more properties,” says Blick Rothenberg.
Monaco is still the world’s most expensive real estate market
Principality holds onto the global top spot despite a slight drop in values in 2020.
The Times: Should we follow the Kiwis and try to burst the house-price bubble?
‘New Zealand is innovating again’, writes David Smith in this opinion piece for the Times looking at how the Ardern government is dealing with a soaring real estate market.