Location: International
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.
In Pictures: Inside the new Mandarin Oriental Residences in Barcelona
Luxurious new scheme on Passeig de Gracia 'sets a new benchmark for luxury apartments in the city, on a par with the celebrated residential buildings of London, New York and Miami', says London-based…
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.
Knight Frank bolsters Middle East Private Office
New associate partner Paul Sacco will work alongside Henry Faun at the Middle East HQ in Dubai.
High-profile design firm in management buy-out
London & Hong Kong-based Conran and Partners was founded over 40 years ago by designer and visionary Sir Terence Conran.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, ONS, Propertymark, OnTheMarket, Knight Frank, UBS & more...
Billionaire Ambitions 2022: Six trends for the world’s wealthiest people
The world's billionaire population fell by 3% last year, according to UBS, while the UK saw a 12.5% decline.
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.'
Global real estate markets slow as interest rates climb
'Real estate returns have slowed, and transaction activity has fallen as some deals agreed at prices prior to the slowdown have been aborted,' says UBS.
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.