International Markets
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 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.
Ranked: The world’s millionaire capitals in 2022
London has fallen further down the wealthiest city rankings, with fewer millionaires now calling the UK capital home than New York, Tokyo and San Francisco.
Trendwatch: New global hotspots emerge as luxury homebuyers hunt for value
'With home prices at or near peak levels in many luxury markets, high-end buyers around the globe are discovering markets where they wield more buying power,' reports Christie's International Real Estate.
Global housing markets continue to climb, despite everything
"Global housing markets have wrongfooted us this quarter," says the Knight Frank research team, as property markets continued to post strong growth.