One in four people believe they are more likely to move in the next 12 months as a result of the coronavirus pandemic and continued fallout, according to a new survey from Knight Frank.
Luxury Daily’s live news: US department store chain Lord & Taylor and its Le Tote parent file for Chapter 11 bankruptcy; Dior joins UNESCO educational response to COVID-19; Prime real estate prices dip beyond Asia in Q2: Knight Frank; Delta Global introduces bespoke supply chain management platform; Fashion ad spend down, with some bright spots: report; Meet the consumer class fueling China’s sneaker market.
Luxury Daily’s live news for July 31: Dior joins UNESCO educational response to COVID-19; Prime real estate prices dip beyond Asia in Q2: Knight Frank; Delta Global introduces bespoke supply chain management platform; Fashion ad spend down, with some bright spots: report; Meet the consumer class fueling China’s sneaker market.
Luxury Daily’s live news: Daimler presses on with sustainability mandate, starting with new Mercedes-Benz S-Class; Bulgari, undaunted by pandemic, doubles down on hospitality expansion with first hotel in Rome; High-value country house market is strongest performer in UK: Knight Frank; CMOs remain optimistic about post-COVID-19 marketing budgets.
Luxury Daily’s live news: Daimler presses on with sustainability mandate, starting with new Mercedes-Benz S-Class; Bulgari, undaunted by pandemic, doubles down on hospitality expansion with first hotel in Rome; High-value country house market is strongest performer in UK: Knight Frank; CMOs remain optimistic about post-COVID-19 marketing budgets.
British real estate brokerage Knight Frank’s view is that a decline of 7 percent in U.K. prices and 5 percent in prime London and prime regional prices will be experienced through 2020, with much of this decline already having taken place between March and May.
Millennials and Gen Xers are growing their investments in luxury real estate in London, but data from Knight Frank finds baby boomers outspent them in 2018.
Luxury Daily’s live news from May 17 – Richemont’s digital acquisitions boost full-year sales growth to 27pc; Printemps appeals to Chinese tourists with WeChat Pay promotion; LVMH gives Innovation Award to body scanning startup; Bally celebrates spirit of exploration in DFS capsule; Mercedes-Benz Canada tests consumers’ reactions in online game; Global luxury real estate price growth slows to 1.4pc: Knight Frank.
Luxury Daily’s live news from May 17 – Richemont’s digital acquisitions boost full-year sales growth to 27pc; Printemps appeals to Chinese tourists with WeChat Pay promotion; LVMH gives Innovation Award to body scanning startup; Bally celebrates spirit of exploration in DFS capsule; Mercedes-Benz Canada tests consumers’ reactions in online game; Global luxury real estate price growth slows to 1.4pc: Knight Frank.
Despite geopolitical uncertainty and tensions, a new report from Knight Frank shows the population of ultra-high-net-worth individuals is projected to rise 22 percent over the next five years.
