Benham and Reeves has checked what proportion of listings are marked as sold or under offer by price bracket across prime London.
New prime property with park views command a 34% price premium globally, says Knight Frank, rising to 75% for a view of one of London’s Royal Parks. Now, as the Coronavirus lockdown shines a light on the importance of open green spaces, a UK think tank has suggested taxing those who live nearby to help pay for their upkeep.
Dollar millionaires now control nearly a third of the world’s total private wealth, reports Wealth-X, after “a decade, and more, of plenty” – a period that has been ended by the pandemic.
Most independent estate agencies are planning to go back to “normal” office-based work as soon as it’s safe, according to a survey by The Guild of Property Professionals – but a significant proportion are considering alternative set-ups…
The Covid-19 crisis could drive a “rural renaissance”, reports Savills, as affluent househunters shift their priorities in light of the Coronavirus lockdown. Locations are becoming more flexible while space is becoming more important – and the jury’s out on prices.
Savills has surveyed 50 of its top people in property markets around the world to gauge levels of buyer and seller pessimism and positivity, and assess how the Coronavirus pandemic is changing the residential real estate sector.
Hong Kong is still the world’s most expensive city to buy a home, according to a new report from CBRE, followed by Munich and Singapore.
“When we come out of this, we may well end up working differently, and many [building] companies where they are able will look to significantly shorten supply lines,” says Knight Frank.
“Technologists, entrepreneurs and investment leaders are increasingly identifying sustainability as the defining issue of our times,” says Faisal Butt, founder of PropTech investment house Pi Labs. “We anticipate that enormous new opportunities will emerge across all sectors, particularly in real estate.”
Hong Kong, Singapore and Osaka are jointly the most expensive cities to live in, according to The Economist’s latest annual Worldwide Cost of Living Survey
Three UK areas saw homes sell on average for more than 20% above their listing prices in 2019, while three other locations saw average sold prices come in more 25% below average asking prices.
Oslo, Zurich and Helsinki offer their residents the highest quality of life of any major world cities, says Knight Frank, as European hubs come up trumps.