‘Mounting economic headwinds’ curb prime property price growth in global cities
Luxury property price inflation across 46 global cities continues to fall short of the long-term average, says Knight Frank
Berlin & Paris lead price growth as global prime resi markets slow
Average per square foot values in global prime cities trickled up by just 0.7% in the last year, says Savills. This compares to an annual increase of 5.1% in the year to June 2018…
Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines
The South China Morning Post reports that a consortium has acquired the biggest resi development site on the former Kai Tak Airport – paying less than the low-end market valuation
Hong Kong buyers flock to London as unrest continues
Prime London estate agency records ‘an unmistakable surge in enquiries from Hong Kong residents looking to buy property in London’
Europe’s top-earning Airbnb hosts revealed
One super-host in Barcelona is bringing in over £2m a year from 63 properties via the short-term accommodation platform, according to new analysis
Bloomberg rolls out a ‘Housing Bubble Dashboard’
Canada, New Zealand, Australia, Norway, Sweden and the UK are all ‘vulnerable economies to a correction in house prices’, warns Bloomberg
New York is billionaires’ favourite city
The Big Apple is home to 85 billionaires, say Savills and Forbes. Singapore, in second place, has 79 resident billionaires, while Moscow, Beijing and London have 71, 61 and 55 respectively
FT: Why high-rise, high-spec property is high risk
Judith Evans reports for the Financial Times on the ailing market for luxury off-plan units around the world
Looming global housing slump ‘could cut world growth to a decade low’
Signs of a global house price downturn are already visible, warns Oxford Economics
Hong Kong buyers walk away from super-prime deals, forfeiting millions
A super-prime apartment sale and a major luxury land deal have fallen out of bed in Hong Kong as the trade war and protests hit home
Berlin moves to freeze rental prices for five years
After a decade of runaway price inflation, radical rent controls are slated to come into force in January (if approved), and be back-dated to June 2018