Global UHNWI population bounces back, climbing 4.2% in the last year
Knight Frank's Wealth Report 2024 highlights a recent 'wealth revival' alongside a massive ongoing generational shift in fortunes. But the future pace of UHNW expansion is likely to be a lot slower than in previous years...
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‘No realistic challenge’ to American wealth dominance as global HNW headcount rises 4.4%
The rich continue to get richer - but the UK is now home to just 2.4% of the world's high net worth individuals, according to Knight Frank's flagship annual research publication, The Wealth Report.
By PrimeResi
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".
By PrimeResi
London’s super-prime status ‘under pressure’ as Tokyo & Dubai lead global house price growth
'Prime residential property has pulled away from the broader housing sector' in many global markets, says Knight Frank, but the UK capital has dropped to 93rd place on the firm's annual PIRI 100 index.
By PrimeResi
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Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
By PrimeResi
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
By PrimeResi
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
INTERVIEW: PCL agency boss discusses carving out a place between the corporates and brokers, pushing into new prime London markets and keeping the boutique edge.
London’s super-prime market goes into summer recess
Latest LonRes Data: Under-offer numbers halve as £5mn+ deals and new instructions fall sharply amid 'uncertainty and a lack of urgency'.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
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Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
Rhodium hires former Nobu exec to lead global growth push
Dean Main's luxury property consultancy brings in Diane Daudin-Clavaud as Chief Development and Strategy Officer.
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