Location: International
26% of global UHNWIs are planning to buy a new home in 2021
"The pandemic is supercharging demand for locations that offer a surfeit of wellness," says Knight Frank in its new Wealth Report "– think mountains, lakes and coastal hotspots."
Global UHNWI population set to grow by 27% over the next five years
The total number of ultra-high-net-worth individuals on the planet increased by 2.4% in 2020, according to Knight Frank. That's just a third of the growth rate seen in 2019.
Assael Architecture moves into Australia
Top UK architecture firm looks to tap Australia's burgeoning build-to-rent sector.
Keller Williams names new top table team
Marc King has taken over from Josh Team as President of tech-led Texan real estate franchise Keller Williams, which has a growing presence in the UK.
Bloomberg: Swiss Wealth Tax rakes in cash as Covid stokes global debate
"Switzerland’s wealth tax offers a rare real-world example of how a levy on assets can work, just as such ideas gain traction elsewhere in the wake of the coronavirus crisis," writes Bloomberg journalist C…
New York dominates the world’s UHNW real estate scene, while London ‘stands out as a second-home destination’
New York is the top global city for the world's wealthy, according to new analysis by research house Wealth-X, with "a significant lead" over other hubs
Super-prime developer offloads Manhattan portfolio stake
It's being reported that super-prime New York property developer Extell is selling-off a significant chunk of Manhattan real estate.
Hong Kong apartment breaks Asia price record
Five-bed unit at CK Asset Holdings’ 21 Borrett Road reportedly changes at HK$459.4m (US$59.3m), setting a new per square foot benchmark of HK$136,000.
Why Hong Kong citizens will answer London’s siren call
An influx of Hong Kong residents should act to offset the negative impact of Covid on London’s population and dampen the notion that property prices are set to dive, writes Fraser Slater...
Chestertons moves into Morocco
Agency makes its first foray into the African market via a new tie-up in Rabat.
High-end sales soar in Manhattan
Last week's tally of 38 contracts signed above $4m was ‘spectacular by any standard’, says Olshan Realty
‘Million Dollar Listing’ brokerage moves into Portugal
Nest Seekers plans to bring its brand of "American-style glamour" to the European property market.