FT: Search for splendid isolation drives prime home sales boom
The ultra rich seek to turn holiday homes and private islands into more permanent bases for working and studying, writes James Pickford in the Financial Times.
Most prime global cities are likely to see property prices increase in 2021 – Knight Frank
Prime property markets around the world have proven “largely resilient” in the face of this year’s happenings, reports Knight Frank. The firm anticipates that top-tier global cities will fall into one of the three “broad groups” in 2021, and has identified eight key trends to watch…
How Covid-19 has impacted residential real estate transactions around the world
Residential property has “has so far proven one of the more resilient sectors” of the global economy, reports Savills.
The impact of Covid on India’s real estate sector
As millions around the world celebrate the Diwali festival of lights, one of the most important dates in the Hindu calendar, Vikas Wadhawan reports on how the Indian real estate industry is getting back on its feet following the outbreak of the pandemic.
Prime property prices continue to climb in global cities, despite the pandemic
Knight Frank’s Prime Global Cities Index registered 1.6% average growth in the year to Q3.
Ranked: The most expensive US zip codes in 2020
Atherton, California, retains its number one position Stateside with a median list price of $8.65m.
Four ski property trends to watch in 2021
Knight Frank’s annual Ski Property Index saw chalet prices climb by 1.2% in 2020, marginally down on last year’s +1.4%.
Luxury home sales ‘skyrocket’ in the USA while the mainstream market slows
Redfin has reported a significant increase in high-value home sales in the USA, while more affordable markets dwindle.
Global billionaire wealth bounces back to new heights
A V-shaped recovery in equity markets has been a boon for the richest people on the planet, report UBS and PwC, as global billionaire wealth surged by more than a quarter between April and July this year to reach a record high.
NY Times: The Island Brokers Are Overwhelmed
“Calls and emails come in at all times of day and night,” writes Heather Murphy for the New York Times. “They no longer concern fun or prestige. Instead they focus on fresh water and solar panels. These were not the inquiries they had grown used to. The island brokers are overwhelmed.”
Ranked: The world’s most ‘over-valued’ property markets in 2020
UBS has updated its Global Real Estate Bubble Index.
Property prices continue to rise in most prime global cities, but markets are weakening
The average annual rate of property price inflation across the 150 tracked cities moderated from +3.6% in Q1 to +3.4% in Q2.