Global UHNWI population slips 3% as London retains prime position
London is still the "most important" world city for the ultra-rich, says Knight Frank in its tenth annual Wealth Report.
The global UHNWI population is forecast to grow by 22% over the next five years
"Despite a darkening economic outlook, wealth creation will remain a constant in 2019," predicts Knight Frank in its new Wealth Report.
By PrimeResi
Billionaire population grows, but their share of world wealth ownership slips
There are more billionaires tooling around the globe than ever before, according to specialist researchers at Wealth-X, but the proportion of the world owned by these richest-of-the-rich individuals slipped…
By Prime Resi
Prime global rents flatline
No growth for average prime global rents in the year to September
By Prime Resi
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Knight FrankMost read
‘Hundreds’ of luxury London flats set for sale after £2bn lender collapse
Around 250 property companies with assets across PCL now under administration.
Knight Frank names three new Proprietary Partners
Knightsbridge lettings head Arya Salari, capital markets specialist Eddie Thomas and lease advisory lead James Thistle step up.
Westminster to grant blanket retrofit consent for Eaton Square
Borough's first Listed Building Consent Order promises to allow 'retrofit at scale' on London's largest residential square.
By PrimeResi
FT: ‘We’re past the $200mn threshold’ – the rise of super-super prime property
'How much is mere showboating listing,' asks FT journalist Mark Ellwood - 'and how much higher can prices for single private properties actually be pushed?'
By PrimeResi
Ten Years On: Assessing the ‘profound effect’ of the second home stamp duty surcharge
'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.
By PrimeResi
Buyer secures Dubai’s third most expensive apartment
The big-ticket off-plan deal comes amid escalating regional tensions.
By PrimeResi
London Square launches latest SW London scheme
Hot on the heels of projects in Battersea and Brook Green, the Aldar-owned firm has debuted a 123-home development in Wimbledon.
$1bn & counting: Inside Manhattan’s ‘most successful’ luxury new development
PrimeResi gets a first look at the ultra-prime West Village scheme quietly racking up record-breaking deals.
Westminster tightens construction rules for developers
Updated code introduces zero-emission machinery targets and stronger neighbour protections.
Battersea Power Station names new CEO
James Saunders will take over from interim boss Sam Cotton in April.
By PrimeResi
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