International
R&F offloads Vauxhall Square to Far East Consortium
China-based property developer sells huge Nine Elms development at a massive loss.
Ultra-wealthy US buyers step up search for UK trophy homes
'This level of interest is something we haven’t ever seen before', reports Savills London Private Office
Luxury home sales rocket in Tel Aviv as wealthy Russian buyers seek a safe haven
“The number of visits to our Tel Aviv website and enquiries via Whatsapp from Russians has increased tenfold since the escalation of the Ukraine-Russian crisis in 2021," says the boss of Beauchamp Estates…
Talking Heads: On Russia sanctions & the London property market
Two weeks on, we asked prime property insiders - including those who specialise in Russian clients - about what effect anti-war sanctions are really having on the London property market, and how their…
Record number of stately homes for sale in France
Around 1,500 estates and châteaux are on offer across the country, as lifestyle shifts and eye-watering maintenance costs impact their appeal amongst younger generations
Knight Frank & Savills suspend Russian divisions
Global property consultancies suspend long-established business ties in Moscow, joining a growing corporate exodus from Russia as the Ukraine war continues.
‘People forget just how embedded Russian investment is in London’: Gary Hersham on how sanctions are affecting the luxury property market
"None of my Russian clients have asked me to sell their properties in London or the Home Counties," says super-prime estate agent Gary Hersham.
‘$500mn’ LA mega-mansion fetches $126mn at auction
Five bidders went head-to-head over Nile Niami's 'The One' last week; pending sale still requires approval by a bankruptcy court judge
Global luxury housing boom to continue, with more subdued price growth
Knight Frank is predicting continued price rises for international luxury property markets in 2022 - although the pace of growth is likely to be significantly lower than 2021's extraordinary performance.
Market Snapshot: New York reaches new heights as exodus goes into reverse
After a record year in 2021, prime prices in Manhattan are tipped to rise by another 5% in 2022, despite the dual headwinds of rising inflation and interest rates
Housing Secretary eyes seizure of UK property owned by sanctioned Russians
“Freezing assets is not enough”, says a DLUHC insider, as Michael Gove reportedly considers steps to seize Putin-linked homes in the UK without compensation.
Property agents urged to check latest sanctions list
The property industry has an important duty to help make anti-war sanctions work.