Super Luxury Home Sales Spike 11 Percent Worldwide in Q4
World Property Journal » United Kingdom
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2w ago
Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022 ..read more
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European Hotel Values Still Below Pre-Covid Prices
World Property Journal » United Kingdom
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2M ago
According to the annual European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS, hotel values across Europe remained steady in 2023 buoyed by the consolidation of the post-pandemic recovery and a steady desire to travel keeping average room rates strong ..read more
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Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin
World Property Journal » United Kingdom
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2M 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 » United Kingdom
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5M 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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Worldwide Ultra Luxury Home Sales Dip in Q3
World Property Journal » United Kingdom
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5M 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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Global Commercial Investment Implodes 51 Percent Annually in Q3
World Property Journal » United Kingdom
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6M ago
Global commercial real estate investment declined by 51% year-over-year in Q3 to $142 billion. Investment fell by 53% in the Americas, 54% in Europe and 31% in Asia-Pacific. Rising interest rates in many countries contributed to the significant drop of investment activity ..read more
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Global Home Price Growth Further Slows in Mid-2023
World Property Journal » United Kingdom
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7M 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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European Ski Chalet Prices Continue to Rise Despite Global Economic Uncertainty
World Property Journal » United Kingdom
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7M ago
According to Knight Frank's newly released 2024 Ski Property Report, the price of a European ski chalet increased by 4.4% on average in the 12 months to June 2023. Except for the pandemic years, it represents the strongest rate of growth since 2014 ..read more
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Despite Peak Interest Rates, Global Housing Markets Improved in Q2
World Property Journal » United Kingdom
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8M 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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European Construction Slows as Demand Plummets in 2023
World Property Journal » United Kingdom
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8M ago
According to ING, high interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe ..read more
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