Luxury Daily’s live news from June 2 – Fortune Fountain Capital acquires majority stake in Baccarat; Affluents look to Switzerland for more than just tax relief: Knight Frank; Louis Vuitton serves up savoir-faire in custom cases; Printemps highlights skin deep beauty in stripped-down windows; McLaren promotes Rob Melville to design director; St. Regis gathers tastemakers for one-off experiences.
After a three-quarter-long price drop in United Kingdom country properties, the market is stabilizing and experiencing a comeback with increasing prices during the first quarter of 2017, according to a Knight Frank report.
NEW YORK – Despite political and economic uncertainty, the global ultra-high-net-worth population continues to grow, with 6,340 new individuals added in 2016, according to Knight Frank’s 11th annual Wealth Report.
Despite the uncertainty that the future of the housing market beheld, and still does, near to the end of the United States’ presidential election, prices hit the highest mark since 2006 in the third quarter of this year, according to Knight Frank.
Luxury Daily’s live news from Dec. 28 – Versace accused of racism in ex-employee’s suit; IWC caters to affluent vacationers with St. Moritz opening; Vancouver boasts best performing prime real estate market in 2016: Knight Frank; Glenmorangie tells brand stories through vintage release.
In the last 10 years, the number of ultra-high-net-worth individuals residing in Monaco has risen 62 percent, according to new research from Knight Frank.
There has been a significant increase in international housing prices within the past year, and urban cities are leading ahead of national standards, according to Knight Frank.
Hope is on the horizon for London’s real estate market following Brexit, with a 22.1 percent rise in the number of new prospective buyers, according to real estate consultancy Knight Frank.
Today in luxury marketing – Porsche drivers fume: Where’s our VW diesel payout?; What does the fourth industrial revolution mean for fashion?; US luxury brands may slow European growth; Luxury home prices in Hong Kong continue to fall but “It’s a gradual downward slope:” Knight Frank.
Prime real estate prices continue to fall in London, with -1.5 percent growth in July, according to Knight Frank.
