Despite decline, sales volume is up in London: Knight Frank
While the volume of residential sales in London’s most appealing neighborhoods climbed this August, prices of homes in outer London declined during the month.
While the volume of residential sales in London’s most appealing neighborhoods climbed this August, prices of homes in outer London declined during the month.
Urban luxury residential markets grew just 2.6 percent in the year to June 2018, the weakest annual growth rate since the fourth quarter of 2012, according to new research from Knight Frank.
Luxury Daily’s live news from June 26 – Marriott sees worker strikes across the US; MadaLuxe invests to be closer to New York brands, retailers; Knight Frank touts private island listing in the Bahamas; YouTube hires fashion journalist Derek Blasberg; Audemars Piguet captures golf enthusiasts’ attention via new social forum.
Luxury Daily’s live news from June 26 – Marriott sees worker strikes across the US; MadaLuxe invests to be closer to New York brands, retailers; Knight Frank touts private island listing in the Bahamas; YouTube hires fashion journalist Derek Blasberg; Audemars Piguet captures golf enthusiasts’ attention via new social forum.
Real estate firm Knight Frank is working on a significant piece of property in the Central Bahamas: a private island.
According to a new report from Knight Frank, automotive assets have taken a hit as an area for luxury investment as other categories surge ahead of classic cars.
Prime real estate in urban areas around the globe rose by 4.8 percent in the first quarter, but Seoul dramatically jumped ahead at 25 percent thanks to Gangnam’s disregard for price growth control policies.
In the last two years, France’s luxury real estate market has seen a noticeable turnaround, with prime real estate prices going up by 12 percent in 2017.
Prices for prime country houses in the U.K. rose by almost half a percent in the first quarter of 2018, reversing a drop that occurred at the end of last year, according to a report from Knight Frank.
The impact of Hurricane Irma has spread beyond locations with physical damage from the storm and is now benefiting areas outside the destruction zone.