Latest industry findings have revealed that London’s luxury property market appears unaffected by the current economic slump, standing head and shoulders above the broader UK housing market trends. In July, London’s luxury home sales surpassed the broader U.K. housing market,…
Read moreAt the start of 2023, 300,000 buy-to-let properties went onto the property market, signalling an exodus of Britain’s buy-to-let landlords amidst the government’s introduction of costly Energy Performance Certificate (EPC) changes alongside its proposal of the Renters Reform Bill. Adding…
Read moreSydney has the highest waterfront price premium of any top-tier international location this year, confirms Abode2. Topping Knight Frank’s 2023 Global Waterfront Index, a waterfront property in the Aussie city typically sells for 118% more than a comparable non-waterfront home,…
Read moreFor many years, the US has had a reputation for being the world’s largest wealth market by a considerable margin. According to Henley and Partners’ just released 2023 USA Wealth Report, the country accounts for 32% of global wealth and…
Read morePrime property markets across the UK are “softening” as interest rates climb, reports Abode2. Average top-end values across UK markets outside of London (broadly the top 5% to 10% of the market by value) slipped by -1.5% in the second…
Read moreRates continue to rise this week as the market adjusts to two sets of disappointing inflation numbers. The Bank’s message that it still expects inflation to ease significantly in the second half of the year is reflected in the difference…
Read moreThe average UK tenant now spends over 28% of their pre-tax income on rent, the highest in the past 10 years, according to data from property portal Zoopla. Average rents for new leases have also increased by 10.4% in a…
Read moreWomen account for 54% of luxury homeowners under 35, indicating a significant female presence in the purchasing of luxury real estate, reports Abode2. Following a new study from Luxury Portfolio International, more women are now climbing the corporate ladder and achieving…
Read moreReal estate prices increased exponentially between 2021 and 2022 in popular second home hot spot Croatia, as price increases almost doubled compared to the EU average increase for the same period, reports Abode2. In 2022, real estate prices increased by…
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