Luxury price inflation is more than double the mainstream rate, says Coutts
Prices for high-end products and services have risen by 5.9% in the last 12 months, reports the Queen's bank
Luxury lifestyle prices are rising twice as fast as mainstream consumer inflation
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
Asia is now home to more billionaires than the USA
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.
OBR slashes property price growth forecasts
'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…
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Harrods Estates to shutter operations after 130 years
High-profile luxury agency, founded in 1897 and a fixture of the Prime Central London market, has closed its Knightsbridge office and is no longer accepting new enquiries.
Knight Frank launches self-employed broker network
The 130-year-old estate agency has identified 36 London patches for affiliate brokers, as it looks to expand its sales coverage.
Savills snaps up top-end London lettings firm
Acquisition sees PCL veteran Mark Tunstall return to the agency as co-head of super-prime lettings in the capital.
UK Sotheby’s teams up with Sports World on big-ticket lettings
Tie-up results in ‘landmark’ transactions in Highgate and North Surrey.
Harrods Estates duo Dougramaji & Harte join Strutt & Parker
BNP Paribas-backed agency boosts Knightsbridge & Belgravia team as top PCL operators move on from Harrods Estates.
Luxury Mayfair scheme chalks up deals as turnkey demand holds firm
Agents report ‘sustained appetite’ at Reuben Brothers development despite market headwinds.
Agency reports £37mn deal run on Hamilton Terrace
Five sales tucked away on one St John’s Wood street, including two sizeable houses just last week.
Strutt & Parker recruits Knight Frank Private Office dealmaker Robinson
Super-prime specialist joins broker team as BNP Paribas-backed agency continues to scale PCL operations.
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Resi developer & investor team up for €150mn luxury Marbella project
Major Spanish housebuilder confirms a 'strategic expansion' in the prime residential arena.
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The Agency Group adds Head of New Homes
Prime-focused firm is looking to grow its presence in the new-build market.
Chestertons Global expands into India
'India is one of the most compelling real estate growth stories globally,' says CG boss Mohamed Mussa.
Fine & Country moves into Madrid
Alejandra Santos & Carlos Rojo have taken on the estate agency's licence in the Spanish capital.