Global luxury house prices recover as rate uncertainty eases
"Price adjustments in many markets are likely to be less pronounced than was expected even three months ago," says Knight Frank.
Global house prices rise at slowest pace since 2015
Knight Frank's latest Global House Price Index slowed to +3.6% in the 12 months to Q1 2023, down from 5.7% in the previous quarter.
Global luxury property market index turns negative for the first time since the Global Financial Crisis
Top-end property values are now falling in 16 of the 46 markets tracked by Knight Frank's Prime Global Cities Index, and 'downward pressure' is expected to continue for the next few quarters.
Urban house prices around the world are rising at their fastest rate since 2007
43 of the 150 global cities tracked by Knight Frank have seen prices escalate by more than 10% over the last year, with five above 25%.
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UK buyer swoops on marquee penthouse at boutique Mayfair scheme
Agents confirm sale of largest penthouse at Three Kings Mayfair for over £8.5mn, as domestic demand continues to trend upward across PCL.
London Square unveils plans for £240mn Chelsea scheme
Assael Architecture-designed proposals involve 42 new homes and a £13mn National Army Museum extension.
Brace of Mayfair mansions offered as ultra-prime redevelopment opp
A luxury resi reworking of the twin Georgian townhouses on South Audley Street could deliver a £65mn end product, agents suggest.
Private island in the Thames heads to auction
Uninhabited ait near Shiplake 'might just be the Thames Valley’s answer to a beach hut', says Savills.
Brokerage recruits SW London specialist from Savills
UK Sotheby's International Realty announced a 'strategic expansion' into the region earlier this year.
‘The opportunity was clear’: Behind Maybourne’s expansion into branded residences
COO reveals how the Claridge's operator plans to integrate luxury hotels, homes, and wellness into a highly personalised 'ecosystem'.
Major Irish agency expands with key hires & Knight Frank acquisition
Sherry FitzGerald has bought commercial real estate advisor Knight Frank Ireland, and recruited four senior names from Colliers to its residential business.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
Battersea Power Station owner reportedly mulls sale
It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.
Rhodium teams up with design platform Invisible Collection
Exclusive partnership will bring collectible design into Rhodium’s portfolio of ultra-luxury & branded residences.
LATEST ARTICLES
In Pictures: Inside the latest super-prime design collab at 60 Curzon
New show apartments by South African-born, London-based interior designer Christian Bense unveiled at luxury Mayfair scheme, including a lavish four-bed priced at over £25mn.
Knight Frank concludes South of France partnership
Agency points to ‘evolving strategic priorities’ as it announces another change to its French network.
Scotland’s prime market ‘continues to defy national headwinds’
Savills notes a 'resilient' prime resi scene north of the border, although activity at the very top end is 'limited'.
Eccord boosts property management team
Catriona Mackay has joined Jo Eccles' firm following five years in the Notting Hill lettings division at Chestertons.
Tapping the Top End: Lucian Cook on the potential impact of taxing luxury homes
As the Treasury signals tax changes, Savills' Head of Residential Research examines their potential impact on the prime property market.