Prime rental growth outpaces capital values in most global cities
“Megacities are once again thriving as tenants are drawn back to urban living after the lifting of lockdowns," says Savills, as prime rents climb in New York, Singapore, London and Los Angeles. "The Covid lockdown rental deal is definitely a thing of the past."
Of the world's major prime cities, Seoul, Berlin and Sydney are set to see the highest rates of luxury property price inflation in 2021, forecasts Savills.
US cities have seen the highest rates of prime property price growth in the last six months, reports Savills, as the firm predicts a slight slowdown across most world cities in the second half of this…
Rental prices growth continues to "roar ahead" across London, says Savills, although the market is "less panicked" than it was last year.
Companies in this articleSavills
Joint-global head of the agency's Private Office saw off competition from seven other high-profile names at the 2023 Spear's Awards.
Aldar Properties says its first acquisition outside of the MENA region provides 'a meaningful foothold in the diverse and dynamic London property market,' with financial heft that will give London Square…
Agne Karazuite and Ed Boden have taken on new roles in Chelsea and South Kensington.
Fresh analysis by luxury estate agency Beauchamp Estates looks into the wealth and lifestyles of the global super-rich.
Significant sale 'demonstrates that despite ongoing economic uncertainty London remains top of the list for the world’s global buyers,' says Knight Frank.
The five artists' studios in SW6 have 'scope for a range of potential future uses,' says Savills.
Rachel Mason will be in charge of identifying new investment opps in London and across the UK for the Australian developer, as it targets a billion-pound pipeline.
From strategic hires to the rise of self-employed agents: Andrew Deverell-Smith on the real estate recruitment trends to watch
Is it time to hunker down or level up? Recruitment guru explains how top property firms are taking different approaches to challenging market conditions.
IN PICTURES: A first glimpse at Powerhouse, the former Lots Road Power Station, where a remarkable resi transformation nears completion.
Across the 173 cities analysed by the Economist Intelligence Unit, cost of living prices have risen by an average of 7.4% in the last year.
'Intriguing opportunity' in the picture-perfect village of Broadway is likely to generate lots of interest, say agents.
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Backed by Montfort, Andrew Teacher's new business will specialise in real estate, asset management, technology and ESG.