Knight Frank upgrades global prime price forecasts again
Luxury property price inflation is likely to return to London with gusto next year, predicts the Knight Frank team.
World house prices are ‘overvalued by around 10%’, warn economists
We’re in one of the biggest global property booms since 1900, says Oxford Economics, as it warns that “the longer a housing boom continues, the bigger the risk of a large reversal”.
Urban house prices around the world are rising at their fastest rate since 2007
43 of the 150 global cities tracked by Knight Frank have seen prices escalate by more than 10% over the last year, with five above 25%.
London tipped to outperform most other prime global markets in 2021
Along with Miami, Berlin, Shanghai, and Sydney, the UK capital is set for significant price inflation in 2021, according to a meta-analysis of international indices.
Vive la Résilience: French prime property markets hold up
France’s prime residential markets showed resilience in 2020, says Knight Frank, and has been “exuberant” for the last few months, despite the challenging backdrop…
New York is back, just ask Jerry Seinfeld
Restaurants are crowded, flights are packed, Yankee Stadium is at full capacity and corporate America is calling its workers back. All signs point to a sharp recovery in New York’s prime housing market, according to Liam Bailey, Knight Frank’s global head of research.
Largely immune:Â Understanding global wealth trends through the pandemic year
“Wealth creation in 2020 appears to have been completely detached from the economic woes resulting from Covid-19,” says the author of Credit Suisse’s new Wealth Report. The global Ultra High Net Worth population surged by 24% during the pandemic year, while for the first time, more than 1% of the world’s adults are now dollar millionaires.
Nikki Beach dives into the branded residences market
Global luxury lifestyle & hospitality brand responds to a ‘shift in consumer behaviour’, planning a set of private resi units next to its forthcoming hotel project in Montenegro.
Global property markets ‘are flashing the kind of bubble warnings’ not seen since 2008, warns Bloomberg
New Zealand, Canada, Sweden, the UK and US are amongst the world’s “frothiest” housing markets, according to new analysis, with high price-to-rent and price-to-income ratios.
Dubai’s Luxhabitat Sotheby’s reports ‘record-breaking streak’
Luxury brokerage put though sales worth more than 250 million AED in the first six months of 2021, including one of the most lavish mansions in Emirates Hills.
Global house prices rise at their fastest rate since 2006
Knight Frank’s Global House Price Index tells of a 7.3% average increase across 56 tracked countries in the year to Q1 2021.