“The second home market has changed significantly over the last decade,” says Savills. “Once a discretionary purchase primarily for own use, today’s global market is driven by income returns.”
A flurry of £5m+ deals has put Blackfriars Road on the prime London map, as wealthy buyers look beyond London’s traditional luxury postcodes
Paris, Berlin and Frankfurt are the top picks for real estate investment in 2020, reports PWC
The weak Pound has boosted the proportion of British homes let by overseas landlords, from 7% last year to 11% this year, according to Hamptons; it’s the first rise since the estate agency started counting in 2010.
Demand for rental properties in London has increased by 13% compared to last year, reports Foxtons, while supply has fallen by 16%
“The housing market is showing a remarkable stoicism given the backdrop of unmet Brexit deadlines, ‘flextensions’ and a December election,” says Fine & Country, although prices and volumes at the top-end continue to fall.
A new report has identified the UK’s key enclaves for high net worth individuals, ranking the country’s top 20 major cities and the top 20 small towns/villages by private wealth and multi-millionaire population
Savills is the UK’s most-searched-for estate agency, reveals MediaVision, followed by Knight Frank
Private rights of access, loss of a view, and land and boundary disputes have caused the most planning objections in the last three years
Some fascinating insights into this year’s £10m+ sales market from Knight Frank, including a flurry of £30m+ deals, building demand for super-prime, currency plays, and how UHNW buyers are getting younger
Credit Suisse expects the global millionaire population to reach almost 63 million in 2024, while the number of UHNWIs will jump from 56,000 today to 234,000 in five years’ time