Montague rebrands; recruits Sobha man for Middle East expansion
Luke Banks has moved from leading luxury Dubai developer Sobha in the UK to helming the new Middle East division of Thomas Balashev’s Montague Real Estate.
More countries see house prices begin to fall
The average house price across 56 countries and territories increased by 4.7% in the year to 30th June, reports Knight Frank, in a Global House Price Index that “offers a glimpse into the impact of Covid-19.”
Hungarian resi development giant Cordia makes its first UK splash
“Our goal is to become one of the leading and most diversified residential development groups in Europe,” says Cordia International’s Chairman Tibor Földi. “The acquisition and recapitalization of Blackswan is not only our debut in the UK, but the latest milestone of our international expansion strategy.”
‘Selling Sunset’ brokerage looks to expand in the UK
“You co-broke or go broke”, says the London-based Managing Director of American celebrity real estate brokerage Nest Seekers, as it looks to expand its UK footprint.
Chinese mega-developer slashes all prices by 30%, potentially sparking a property price war
China Evergrande is cutting prices at all its mainland schemes by nearly a third as it tries to boost sales figures.
Guinness picks Ballymore for Dublin brewery site transformation
Diageo has signed up Sean Mulryan’s Ballymore to develop the historic St James’s Gate Guinness brewery site, with an ambition to create a zero-carbon “visionary neighbourhood for living, entrepreneurship, creativity and commerce.”
Keller Williams enters 50th international market
‘World’s largest real estate technology franchise’ expands its presence in the Caribbean and South America; now has 240 market centres outside of the US and Canada.
‘Prestigious’ commission for Accouter at Dubai’s $1.4bn Royal Atlantis scheme
The London-based studio has been tasked with creating a show apartment at Kerzner International’s ultra-luxe project on the Palm Jumeriah.
Ken Griffin’s latest splash takes his prime resi spending spree to nearly $1bn
American hedge fund billionaire has dropped around $950m on super-prime homes in the USA and London.
In Pictures: Fendi Casa’s first branded real estate project in Europe
Big-name Italian studio collaborates with Sierra Blanca Estates on Marbella’s Golden Mile, promising ‘the most exclusive resi project in Spain’…
Ranked: The world’s top 15 ‘Luxury Cities’
New York, Tokyo and Hong Kong are the top global cities for luxury living, according to a new index by HNW research house Wealth X.
Chinese demand for UK property bounces back as Stamp Duty pushes buyers to act now
“Anyone who can bring their transaction forward to 2020 from next year or even later is doing so,” says property portal Juwai, against fears of higher Stamp Duty rates from 2021.