Dubai leads global super-prime sales bounce, as £10mn+ deals falter in London
International super-prime property market activity 'slowed noticeably' last year, says Knight Frank - but things perked up again at the start of 2023. 'Super-prime residential property has retained its attraction for wealthy buyers despite huge economic headwinds,' says research head Liam Bailey.
What to read next
‘A fundamental reshaping of the global wealth landscape’: Europe re-emerges as a prime destination for the super-rich
'What we’re witnessing is more than just a demographic shift,' says Knight Frank, as the firm reveals who is buying what, where, and why...
Super-prime sales tipped to climb further after ‘pivotal year’ for global markets
Knight Frank counted 1,782 sales above $10mn in key super-prime property markets through 2023, worth a combined $31.9bn.
America’s wealth dominance ‘hangs in the balance’ as global super-rich population booms
It's a "super-rich explosion", declares Henley & Partners, as the number of individuals with more than US$100mn to their name soars - but "the geography of extreme affluence is shifting".
Most read
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Boutique London agency names new MD; opens Fulham office
Landstones has moved into the former Draker space on Fulham Road.
Trio of seasoned London agents sign to D&G’s self-employed broker model
Tania Smith, Dinishka Jayasena & Charlie Rosling previously held senior roles with the likes of Foxtons and Winkworth.
London Square picked for 133-home Waterloo scheme
Aldar-owned developer takes on resi element of major new health and life sciences quarter.
LATEST ARTICLES
Green light for £2bn Vauxhall Square mega-scheme
Pilbrow & Partners' 69-storey Vauxhall regen project squeaked through Lambeth's Planning Committee.
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Savills makes key resi hire in Dubai
Greg Stockton is on board to link UK developers with investors, wealth managers and adviser in the Middle East.
$100k-a-month rentals now ‘almost normal’ in Manhattan
Ultra-prime lettings are surging as wealthy New Yorkers 'choose flexibility over ownership'.
In Charts: Surveying England’s housing stock as high value levy looms
Council Tax statistics shine a light on the composition of housing stock across England & Wales, highlighting the relative scarcity of high-value homes as the new surcharge on £2mn+ properties hoves into…