Ultra Luxury Home Sales Globally Experience Slowdown in Q3
World Property Journal » Qatar Real Estate News
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1M ago
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024 ..read more
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The World's First 'Global Listings Service' Announced
World Property Journal » Qatar Real Estate News
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3M ago
Miami-based WORLD PROPERTY MARKETS founder and CEO Michael Gerrity announced plans this week to launch in mid-2025 the world's first global, AI-powered and consumer-facing MLS platform called GLOBAL LISTINGS ..read more
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World Property Markets to Commence Industry Joint Venture Funding Round
World Property Journal » Qatar Real Estate News
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4M ago
Michael Gerrity, founder of Miami-based World Property Ventures (WPV), has announced that WPV's wholly-owned subsidiary, World Property Markets, is soon launching a significant $350 million joint-venture funding round with multiple industry partners later this quarter ..read more
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Global Edge Data Center Market to Hit $300 Billion by 2026
World Property Journal » Qatar Real Estate News
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5M ago
Real estate consulting firm JLL predicts a significant increase in data-dependent technologies like the Internet of Things (IoT) and generative artificial intelligence (AI) will drive the need for robust IT infrastructure, particularly in the form of edge data centers ..read more
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Manila is World's Top Housing Market for Price Appreciation in Early 2024
World Property Journal » Qatar Real Estate News
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8M ago
According to global property consultant Knight Frank, the first quarter of 2024 witnessed an average annual growth rate of 4.1% across the 44 markets covered by the Knight Frank Prime Global Cities Index, marking the strongest rate of growth since Q3 2022 ..read more
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Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin
World Property Journal » Qatar Real Estate News
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1y ago
According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7 ..read more
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2024 Elections Rank as Biggest Potential Risk to Luxury Housing Markets Worldwide
World Property Journal » Qatar Real Estate News
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1y ago
Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point ..read more
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Global Home Price Growth Further Slows in Mid-2023
World Property Journal » Qatar Real Estate News
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1y ago
Based on Knight Frank's latest Global House Price Index, average annual price growth slowed across a cohort of world cities in Q2 2023, falling to 1.7% from 3.2% in Q1 of 2023 ..read more
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Worldwide Ultra Luxury Home Sales Dip in Q3
World Property Journal » Qatar Real Estate News
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1y ago
According to new research by Knight Frank, global super-prime ($10m+) residential sales fell 2.4% in Q3 2023 on a year-on-year basis, with 362 sales across the 12 markets covered in the three months to September compared to 371 in the same period last year ..read more
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Despite Peak Interest Rates, Global Housing Markets Improved in Q2
World Property Journal » Qatar Real Estate News
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1y ago
Global house price growth ticked up to 3% in Q2 of 2023, up from 2.9% in the previous quarter. About a third of markets saw prices decline during the most recent three months, narrowing from four in ten over the past year ..read more
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