International
Buyer pays $18m over the asking for New York apartment
While buyers may be busy chipping away at prices in London, a mega-CEO in New York has just paid $18m over the asking for an Upper East Side apartment.
London property lenders put on hold as Brexit uncertainty grips
Singapore's third largest lender, UOB, has suspended its loans programme in London "for the time being" in the wake of Britain's vote to exit the European Union, and a UK bridging lender has "paused" second…
International property marketing service expands portal reach
Properstar, a property portal designed to help UK agents market to an international audience, has signed a deal that nearly doubles its network of portals around the world.
Prime global rents fall for third quarter in a row
Top-end rents around the world have fallen for the third consecutive quarter, says Knight Frank, as London slips to 11th in the firm's prime rental rankings.
Overall, prime rents dropped by 0.
46% of Chinese buyers expect demand for UK property to increase post-Brexit
46% of potential Chinese buyers of UK property think that demand will rise in the wake of a British exit from the EU, according to a survey by Juwai.
Russian real estate buyers rein in their overseas spending
The amount spent by individual Russian buyers on overseas property investments has reached its lowest point since the Central Bank of the Russian Federation started keeping track.
Eurozone buyers ‘snapping up bargains in London’ as currency wobbles offer discounts
Euro buyers have been grabbing £26,000 discounts on London property, says Stirling Ackroyd, as EU Referendum nerves caused sterling to nosedive in June.
Manhattan 2020: Visualising a new skyline as the new-build boom returns
New-build apartment sales in Manhattan "are poised to reach a level not seen since last decade’s boom cycle by 2018", says New York brokerage CityRealty, as condominium development activity in the best…
Courts uphold Berlin’s short-let ban
Late last year, Berlin made the vast majority of Airbnb-style short-let rentals illegal.
Global Markets: Nordics strengthen; UK & US tread water; Antipodeans dip
An average 3.4% increase was recorded across 55 of the world's key housing markets during Q1, but there's signs that the top performers are starting to cool.
New price record reported in Hong Kong
A Shenzhen property firm owner has reportedly shelled out around HK$2.1 billion (just over £185m) for a new-build house on The Peak in Hong Kong.
Global Construction Costs Compared: London named third most expensive world city
London has emerged as the third most expensive place in the world in which to build, according to a fascinating study of international construction costs.