International Markets
The political message of Hong Kong’s proposed vacancy tax speaks louder than its efficacy in bringing down home prices
Ken Chu, Chairman & CEO of Hong Kong property developer Mission Hills Group, defends the city-state's proposed new property tax in the South China Morning Post.
What Does The New Mansion Tax Mean For New York?
The new real estate tax regime 'will take a little time to get assimilated', writes Frederick Peters, CEO of Warburg Realty in New York, for Forbes - but 'if it makes the subways run on time, it will…
New York’s luxury homeowners face ‘mansion tax’
State budget deal includes new one-time sales tax, pitched at over 4% on homes worth more than $25m
Historic Hotspot: Chelsea named as one of the world’s top ‘luxury neighbourhoods to watch’
Venerable PCL enclave picked alongside up-and-coming districts of Boston, Dubai and Shanghai in rundown of 18 locations 'set to outperform' in the year ahead, after suffering one of the biggest slowdowns…
‘Late Brexit bedlam breaks out among UK-based buyers’ in Ireland
The Irish Independent reports on a surge of UK-based buyers snapping up homes in Ireland.
86% of tracked countries saw property prices rise in 2018
Hong Kong has tumbled from first to 22nd place in Knight Frank's global property price growth table, while Central and Eastern European countries are now out-pacing bigger EU nations.
Amsterdam looks to ban new-build buy-to-lets
European city plans to write a rental ban into new-build leasehold conditions.
Ranked: The most expensive world locations for ex-pats
Hong Kong is once again the most expensive place in the world for expatriate rental accommodation, with average monthly costs of US$10,929, followed by New York, Tokyo and London.
Property price inflation in prime world cities settles on ‘a high plateau’
'Prime residential real estate values are settling into a pattern of slower, steadier price growth,' says Savills, 'and we do not expect to see a repeat of the double-digit annual price growth seen pre…
How many square metres of resi property will $1m buy around the world?
Monaco, Hong Kong, New York and London are the most expensive cities per square metre in the world, says Knight Frank.
Global luxury property price growth has slowed to its lowest level since 2012
Residential property prices in the world’s top 100 city and second home markets increased by an average of just 1.3% in the last year, according to Knight Frank's Prime International Residential Index.
The global UHNWI population is forecast to grow by 22% over the next five years
"Despite a darkening economic outlook, wealth creation will remain a constant in 2019," predicts Knight Frank in its new Wealth Report.