International

Buyers are being offered a choice of 14 turnkey homes serviced by the luxury hospitality group, with floorplates going all the way up to c.26,500 sq ft.

'The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors,' says Canada's ruling party.

Sales of high-end properties in the States plummeted by over 38% at the back-end of last year, the biggest decline on record, as wealthy buyers retreated from the market.

Luxury rental values in New York, Singapore and London have bounced back hardest from pandemic lows, according to Knight Frank's latest index.

New associate partner Paul Sacco will work alongside Henry Faun at the Middle East HQ in Dubai.

The world's billionaire population fell by 3% last year, according to UBS, while the UK saw a 12.5% decline.

'Rich people are very clever,' says a real estate broker in California. 'They know how to manage cash, and they have time to look for loopholes.'

'Real estate returns have slowed, and transaction activity has fallen as some deals agreed at prices prior to the slowdown have been aborted,' says UBS.

Fifth Wall has just raised over £700mn for the world's biggest ever proptech investment fund, taking the heavyweight-backed VC's total capital under management to around US$3.2bn.

UAE developer & luxury hotel group are delivering 130 stand-alone villas - including some branded residences - across three private islands in the Indian Ocean paradise.

Knight Frank's Global House Price Index showed an 8.8% increase in the year to Q3, down from a peak of +10.9% in Q1 2022.