Why Prime Central London is looking good to Hong Kong buyers
The opportunity on offer in PCL right now won’t be lost on the many shrewd HK buyers soon to arrive in Britain, writes Fraser Slater…
Knight Frank picks Notting Hill as one of the world’s top ten neighbourhoods ‘primed for growth in a post-pandemic world’
KF’s Wealth Report 2021 identifies ten “up and coming” prime residential locations around the world, including four in Europe.
London & New York named top wealth cities for 2021
“Long live the city,” declares Knight Frank in its 2021 Wealth Report, as it ranks the world’s top urban hubs for the super-rich. “The pandemic, far from undermining the city, has shown up the potential for rebirth.”
26% of global UHNWIs are planning to buy a new home in 2021
“The pandemic is supercharging demand for locations that offer a surfeit of wellness,” says Knight Frank in its new Wealth Report “– think mountains, lakes and coastal hotspots.”
Global UHNWI population set to grow by 27% over the next five years
The total number of ultra-high-net-worth individuals on the planet increased by 2.4% in 2020, according to Knight Frank. That’s just a third of the growth rate seen in 2019.
Bloomberg: Swiss Wealth Tax rakes in cash as Covid stokes global debate
“Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work, just as such ideas gain traction elsewhere in the wake of the coronavirus crisis,” writes Bloomberg journalist Catherine Bosley.
New York dominates the world’s UHNW real estate scene, while London ‘stands out as a second-home destination’
New York is the top global city for the world’s wealthy, according to new analysis by research house Wealth-X, with “a significant lead” over other hubs. Los Angeles is in a distant second place, followed by London, Hong Kong and Paris.
Super-prime developer offloads Manhattan portfolio stake
It’s being reported that super-prime New York property developer Extell is selling-off a significant chunk of Manhattan real estate.
High-end sales soar in Manhattan
Last week’s tally of 38 contracts signed above $4m was ‘spectacular by any standard’, says Olshan Realty
Ranked: Six Nations host cities by property price inflation
As the 22nd Six Nations rugby tournament gets underway, Knight Frank has checked to see which of the host cities’ property markets has out-performed in recent years.
French Riviera named most expensive international super-prime property hotspot
Resort property enclaves dominate a new list of international luxury property hotspots, based on high average asking prices.