Luxury price inflation is more than double the mainstream rate, says Coutts

Coutts bank's measure of luxury price inflation has risen by 4.7% a year since 2016; twice the rate of the mainstream Consumer Prices Index

European billionaires are hunkering down; total wealth increased by 5% in 2016, while the number of billionaires in Europe increased by just three to 342.

'The latest near-term indicators of housing market activity point to a significant weakening', warns the Office for Budget Responsibility, as it anticipates falling property prices and transaction numbers…