International Markets
London the ‘guinea pig’ for New York’s pied-à-terre tax
The UK is being seen as a "guinea pig" by policymakers pondering a "pied-à-terre tax" across the pond.
Global economic growth prospects ‘have practically flatlined’ – OECD
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic…
New York’s luxury developers woo Generation Z
An interesting new trend is being reported in New York, with resi developers increasingly designing their luxury schemes to appeal to tweens and teens.
Global house prices ‘continue to march slowly upwards’ – IMF
The latest update to the International Monetary Fund's Global Housing Watch shows that aggregate real property prices have edged up for the past 16 quarters.
Where and what to buy on the French Riviera in 2016
The French Riviera's property market went through the roof last year, according to search agency Home Hunts.
All the property in the world is worth $217 trillion – Savills
"The entire developed property universe" is worth roughly US$217tr, with residential real estate accounting for the lion's share, according to some sums by Savills; that's around 2.
US luxury property market shudders as HNW buyers lose anonymity
The US prime property market is reeling after the government announced plans to effectively end buyer anonymity in New York and Miami.
Super-prime transactions take a tumble in Manhattan
London isn't the only place where top-end transactions have tanked recently. Although the prices of luxury apartments in Manhattan hit new heights in 2015, the number of $10m+ deals fell by nearly 14%.
Global luxury property markets in 2016: Sydney on top
Sydney will see the biggest rises in residential property prices of any prime global city this year, says Knight Frank, while Hong Kong, Singapore and Paris are all likely to see price drops.
Prime global rents post weakest performance in five years
Knight Frank has recorded a 0.9% fall in prime global rents in the year to September, a stark contrast to the 3.4% rise seen a couple of years ago.
Global Construction Costs Compared: London prices ‘beginning to threaten the viability’ of projects
New York, London and Hong Kong are the most expensive locations for construction in the world, with cost premiums of between 40% and 60% compared with many European cities, and a "severe construction…
Massive fall in UK ‘investor’ visa applications after threshold hike
If the government was hoping to put a stop to wealthy foreigners investing in the UK, then raising the minimum threshold on investor visas from £1m to £2m may have just done the trick.