International Markets
Knight Frank cuts prime global forecast for 2023
Property firm highlights six key trends to watch as it downgrades expectations for prime residential markets across 25 top-tier international cities.
New York prime property prices continue to climb, but sales volumes are set to fall back
Prime resi sales have proved 'resilient' in the Big Apple through 2022, reports Knight Frank, as rising prices herald the start of a new property market cycle.
China sets out plan ‘to defuse the property crisis’
New measures are the 'strongest sign yet that Chinese policymakers are easing a years-long clampdown on the property sector,' says the South China Morning Post.
LA residents to vote on ‘mansion tax’ to tackle housing inequality
A vote on Tuesday could introduce a new transaction tax on sales of homes and property above $5mn in La La Land.
The UK’s super-rich headcount fell in 2021, but is set to rocket in the coming years
Only a few nations saw their UHNW population fall last year; the UK was one of them - but Credit Suisse expects the number of dollar millionaires in Britain to surge by nearly two-thirds by 2026, well…
The US luxury property market in 2022: Eight key trends
Rich Americans are piling back into international real estate markets, with a remarkable 92% US-based HNWIs now considering a property purchase abroad, according to a new survey by Coldwell Banker.
Global housing downturn could see world GDP growth flatline, warn economists
The likelihood of a severe real estate slump is lower now than at the time of the Global Financial Crisis, but a significant drop in residential investment is 'plausible' next year, says Oxford Economics
Global housing markets are ‘at the tipping point’, warns UBS, with ‘significant price corrections’ imminent in many world cities
'We are witnessing the owner-occupied housing boom finally under pressure globally,' says UBS, which warns of 'significant price corrections' in a majority of the highly-valued global cities in the coming…
How much property does US$1mn buy around the world?
Those buying in US dollars can get much more bang for their buck this year - especially in London's most expensive neighbourhoods...
Prime global rental growth ‘has peaked’
Knight Frank's latest Prime Global Rental Index shows a slight dip in the pace of luxury rent inflation across ten international cities.
US luxury market posts record fall
High-end buyers are feeling 'sticker shock' as mortgage rates rise.
