Location: MENA
London gears up for £100m short let boom as super-rich descend for the summer
An estimated £50-£100m will be spent on short let serviced apartments in prime central London over the next few weeks, as some of the world's wealthiest descent on the capital for their annual sojourn.
Planning nod for Merchant Land’s Charlotte Street scheme
Merchant Land has been given the green light to redevelop three adjacent period buildings in Fitzrovia.
Damac unveils Versace-branded residences
Dubai-based luxury developer Damac has launched the first of its "fashion residences" in London, a 50-storey, 360-unit Kohn Petersen Fox skyscraper with interiors by Versace Home.
Prime global rents lose momentum as emerging markets stall
Prime rents around the world are rising, on average, by 1.3% a year according to Knight Frank's latest spot check. That's significantly down from the rate of 3.5% recorded a year ago.
‘Europe is surging ahead’ – Chinese portal assesses global housing markets
Chinese mega-portal Juwai has flagged Ireland as the world's strongest-performing housing market, with a +15.75% price increase in the last year.
EMEA’s luxury home market climbs as ultra-rich ‘flight to safety’ continues
Ultra-rich types are buying up luxury homes around the world "to further diversify their holdings," according to a new report by Wealth-X and the Sotheby’s International Realty, which also flags up…
Fenton Whelan hires top interior designer as Creative Director
Georgina Wood will be in charge of coming up with "opulent" and "timeless" interiors across the firm's £500m portfolio of PCL projects
House prices to rise by 18% over next five years as ‘market stability returns’ – Cluttons
House prices are all set to rise by 18% over the next five years, while rents are likely to increase by 19.
Hamptons wraps up prime roadshow in Dubai
Hamptons International is on the last leg of a tri-city tour, showcasing 96 choice cuts from its premium sales register.
US buyers £33k worse off than last week as sterling soars
Foreign buyers have seen the cost of buying a property in the UK rocket over the last week, after a Tory election win sent the value of the pound skywards.
Global luxury property prices now 46% up on 2009’s low-point
Global prime residential property prices increased by 3.9% in the year to March 2015, according to Knight Frank's index, with North America and Australia pulling up the rest of the world.
Buy a flat in the UAE and get Caribbean citizenship
Prospective buyers of units in a new scheme in the Middle East are being offered a pretty unusual sweetener - citizenship of a Caribbean island.