International Markets
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.
Prime global rents continue to climb, but the pace of growth is easing
Luxury rental values in New York, Singapore and London have bounced back hardest from pandemic lows, according to Knight Frank's latest index.
Billionaire Ambitions 2022: Six trends for the world’s wealthiest people
The world's billionaire population fell by 3% last year, according to UBS, while the UK saw a 12.5% decline.
Los Angeles Times: L.A.’s rich are already scheming ways to avoid new ‘mansion tax’
'Rich people are very clever,' says a real estate broker in California. 'They know how to manage cash, and they have time to look for loopholes.'
Global real estate markets slow as interest rates climb
'Real estate returns have slowed, and transaction activity has fallen as some deals agreed at prices prior to the slowdown have been aborted,' says UBS.
Global house prices continue to rise, but are falling in real terms
Knight Frank's Global House Price Index showed an 8.8% increase in the year to Q3, down from a peak of +10.9% in Q1 2022.
LA to implement ‘mansion tax’ of up to 5.5%
58% of Los Angeles residents voted for a new levy on property transactions above $5mn.
HNW Hotspots: Where the world’s wealthiest are looking to buy homes in 2023
London, New York & Dubai lead the way for HNWI home-buying intentions, reports Knight Frank.
Liam Bailey: Is prime property well placed to weather the storm?
Knight Frank's global research head on the latest themes in property, wealth and investment...
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.