Abode Intelligence

A significant driver behind the current reshuffling of European wealth is the legal and tax restructuring occurring across the English Channel.

Dubai’s ultra-luxury residential market achieved a historic milestone during the first half of 2026, generating a staggering $5.1 billion (AED 18.7 billion) in sales for homes priced above $10 million.

The global AI boom and geopolitical unrest in the Middle East have triggered a 10% surge in wealthy American tech and private equity buyers acquiring luxury homes in Prime Central London.

The Bank of England’s latest decision to hold interest rates is welcome news for buyers and sellers, providing greater stability and confidence for those considering a move this summer. However, for anyone buying or selling a home, the figure that matters most is still the asking price.

While stamp duty is a tax reserved for the purchase of a new property, in rare cases it can be charged for long-term or extravagant rentals – almost like a luxury tax.