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China’s Luxury Home Sales Slumped 40% Last Year 08.01.23Sales of luxury homes, costing more than CNY50 million (USD7.3 million) each, tumbled 40% last year in China from the year before on tight supply and as investors look for better returns elsewhere. Only 383 top-tier luxury properties priced at…
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Snap, Crackle and Pop 24.12.22
The factory that helped make Kellogg’s Rice Krispies to be transformed into luxury flats with underground spa as £140m project starts. The grade II-listed building on the edge of the Baltic Triangle has been empty since 2005, and has had…
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Luxury celebrity homes on the market right now 23.12.22
Luxury homes, by themselves, have a quality factor to them. Add to that the ‘celebrity’ tag and you have a fancy home with an added star appeal. Celebrity-owned homes are the ‘it’ properties in the real estate world. While these,…
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HNW Hotspots: Where the world’s wealthiest are looking to buy homes in 2023 18.12.22
London, New York & Dubai lead the way for HNWI home-buying intentions, reports Knight Frank. The word’s high net worth community thinks higher mortgage rates and higher taxes are the biggest threat to house prices, according to a recent survey…
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Multi-Billion-Dollar Broker Aaron Kirman Launches Luxury Boutique Brokerage, AKG, in Partnership with Christie’s International Real Estate 27.11.22
Aaron Kirman, one of the most prolific forces in the luxury real estate industry, known for representing the most expensive homes across Los Angeles and the globe, announced the establishment of his own brokerage firm, AKG, through a partnership with…
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Why has demand for luxury homes surged post-pandemic? 20.11.22
The Indian realty market is undergoing a paradigm shift, as homebuyers look to move away from the conventional conservative thinking in favour of integrated luxury real estate. In the wake of the pandemic, luxury real estate has emerged as a…
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Property market moves towards ‘a lower activity environment’ 13.11.22
Residential transaction volumes are likely to drop to under three-quarters of pre-pandemic levels in 2023, suggests Savills, and not recover until 2025. Following on from its revised house price forecasts, Savills has expanded on its predictions for residential property transaction…
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Portuguese Pull 06.11.22
Real estate agency Ideal Homes Portugal has reported a growing trend of buyers from the US and Canada investing in property in Portugal. In 2019, 17% of those who bought through the company were from the US/Canada. That proportion rose…
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Priciest Dubai Villa 30.10.22
Billionaire Mukesh Ambani bought the Palm Jumeirah mansion last week for about $163 million from the family of Kuwaiti tycoon Mohammed Alshaya. Ambani’s latest purchase in Dubai is a short stroll from the $80m home he bought earlier this year….
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