Location: Americas
US luxury homes market in record slump
Sales of high-end properties in the States plummeted by over 38% at the back-end of last year, the biggest decline on record, as wealthy buyers retreated from the market.
Prime global rents continue to climb, but the pace of growth is easing
Luxury rental values in New York, Singapore and London have bounced back hardest from pandemic lows, according to Knight Frank's latest index.
Los Angeles Times: L.A.’s rich are already scheming ways to avoid new ‘mansion tax’
'Rich people are very clever,' says a real estate broker in California. 'They know how to manage cash, and they have time to look for loopholes.'
Venture capital firm raises $1bn for PropTech investment
Fifth Wall has just raised over £700mn for the world's biggest ever proptech investment fund, taking the heavyweight-backed VC's total capital under management to around US$3.2bn.
Economists predict ‘at least 10%’ slump for UK & US house prices next year
Credit Suisse has reiterated its prediction of a significant correction for global house prices.
LA to implement ‘mansion tax’ of up to 5.5%
58% of Los Angeles residents voted for a new levy on property transactions above $5mn.
HNW Hotspots: Where the world’s wealthiest are looking to buy homes in 2023
London, New York & Dubai lead the way for HNWI home-buying intentions, reports Knight Frank.
New York prime property prices continue to climb, but sales volumes are set to fall back
Prime resi sales have proved 'resilient' in the Big Apple through 2022, reports Knight Frank, as rising prices herald the start of a new property market cycle.
Savills expands US agency alliance into Miami
Savills builds its US footprint as dollar buyers enjoy big currency discounts on prime UK property.
Ultra-prime deal-maker Aaron Kirman teams up with Christie’s International Real Estate in LA
Beverly Hills-based AKG | Christie’s International Real Estate aims to 'elevate the standard for high-end real estate brokerage in one of the world's most prominent luxury markets'.
Brokerage reports 50% jump in American demand for prime London property
Nest Seekers has 'stepped up the mobility of agents and services between New York and London', as more US buyers eye UK property investments.