International Markets
Seven Trends: Global super-rich are ‘adapting to uncertainty yet bullish on real estate’
'The theme of 2023 is adaptability', concludes Luxury Portfolio International after polling a cross-section of the world's wealthiest home-buyers.
Ranked: The most expensive cities for buying, holding & selling prime property around the world
Rising interest rates are causing buyers to be more mindful of the associated costs when transacting, according to Savills.
Portugal & Ireland end ‘Golden Visa’ schemes for property buyers
European nations end residency-for-real-estate-investment schemes, in the face of escalating house prices and corruption fears.
Fashion Houses: Comparing property markets in the world’s fashion capitals
House prices in London, New York, Milan and Paris are still rising, despite a weakening global property market.
Talking Heads: How luxury property businesses are preparing for China’s great re-opening
Super-prime property brokers, developers, designers and premium brands are all looking to tap into the resurgent Chinese market after almost three years of severe lockdowns;
‘Global prime residential rental markets were a bright spot in 2022’ – Savills
Prime rental values increased by an average of 5.9% across the 30 cities tracked in the Savills Prime Residential World Cities Index in 2022, while capital values increased by an average of 3.
‘More pain likely for global housing markets,’ warn economists
'The rapidity of recent price declines in economies like Sweden, Canada, New Zealand, and Australia suggests prices may retrace a large part of their previous boom,' says Adam Slater of Oxford Economics.
What 2023 has in store for the world’s leading city residential markets
17 of the 30 locations tracked by the Savills prime residential world cities index are expected to record slower growth in 2023 than in 2022, but 13 are forecast to equal or exceed last year's price…
Why Canada’s ban on foreign homebuyers is unlikely to affect housing affordability
A new act in Canada bans non-citizens, non-permanent residents and foreign commercial enterprises from buying Canadian residential properties;
Balearic Islands consider a ban on foreign property buyers
A Canadian-style ban on non-resident property buyers 'would be a definitive step to start solving the housing problem' on Mallorca and Ibiza, suggests a senior politician.
Canada blocks foreign property investment for two years
'The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors,' says Canada's ruling party.
US luxury homes market in record slump
Sales of high-end properties in the States plummeted by over 38% at the back-end of last year, the biggest decline on record, as wealthy buyers retreated from the market.