World #1: London named best city for luxury property buyers

Global luxury property markets are growing despite everything, with a record ten $100m+ deals flying through in 2016

Property prices in London and other global financial centres "are now, in many cases, fundamentally unjustified," says UBS. "The risk of a real estate bubble in these cities has risen sharply."

London has held on to the dubious honour of being "the world’s most expensive city to accommodate an employee" for the third year, says Savills, although the firm suggests that both London and second-placed…