Julius Baer has looked into the cost of living across 20 items for High Net Worth individuals, including residential property, watches, jewellery, fine wine, cars, business class flights and lawyers, to come up with a list of the costliest cities to live for the world’s wealthiest…
Canary Wharf is transitioning into a place to live as well as work, says Savills; a third of buyers in the area are international, and over a third of households earn more than £100k a year. But the proportion of investment buyers has tumbled from 42% in 2016 to just 10% since 2018…
23% of voters see housing policies as a “key factor” in determining their decision in this General Election, according to a new Ipsos MORI poll – which also reveals overwhelming public support for rent controls.
Investors were responsible for just under a quarter of mortgage-free transactions in the first half of this year, down from nearly a third in 2009.
London, New York, Tokyo and Paris are the most “comprehensively attractive” and “magnetic” cities in the world, according to 2019’s Global Power City Index
Prime Central London is set to become one of the UK’s strongest-performing markets, predicts Savills, flipping a trend seen since 2014. But mainstream London is in for meagre growth of just 4% over five years.
“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 year ago, Knight Frank declared the start of “the Great Moderation” in the world’s prime residential markets; the firm’s latest Global Prime Cities Index bears out the prediction…
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.
Prime London rents have risen for the first time since 2016, reports Savills, while rents in the commuter belt continue to fall