Manila and Budapest saw the strongest rise in annual price growth year-to-date and in Q1 2020 respectively, according to the latest Global Residential Cities Index from Knight Frank. Manila leads the annual rankings for the second consecutive quarter, with price growth of 22% in the year to March 2020, with Budapest following closely behind at […] More
Courtesy of Douglas Elliman New Yorkers, anxious at the best of times, are having an especially angst-ridden year. For those free from health or employment woes, What-To-Do-About-Summer has been a mounting source of anxiety—especially for working parents facing months without camps or nannies. The classic Hamptons rental season, bookended by the Memorial and Labor Day […] More
“People were calling on a Wednesday and wanting move in by Friday. They’d sign the lease, wire the funds and be on their way,” says Gary DePersia, noted Corcoran broker who has specialized in Hamptons’ luxury real estate for over 25 years. “It started in mid-March when people realized there would be a shutdown. The calls haven’t stopped.” […] More
For those living in cramped, Covid-infested cities, vacation homes are worth more than gold. In the US, anyone who has one is living there right now. In countries with a stricter lockdown, retreating to a rural weekend bolthole is less straightforward—Scotland’s chief medical officer had to resign on Monday after being given a police warning […] More
The proportion of homes sold about the list price fell to a three-year low of 19.9% in 2019, suggesting last year was a less competitive one for buyers. The coolest top-35 markets were Miami (8.9% of homes sold above asking), Las Vegas (12.6%) and Tampa (13.3%). Las Vegas fell from 26.8% a year ago, which […] More
Property prices in key cities across the world increased by 3.5% on average in the second quarter of 2019, led by annual growth of 25% in Xi’an in Chine, the latest international index shows. Overall, some 80% of the 150 cities covered by the Knight Frank index saw property prices rise in the 12 months […] More
More countries and are seeing residential property price rises year on year than at any time in the last decade but the average rate of growth is slowing significantly, the latest global index shows. Although still in positive figures, the second quarter Global House Price Index from Knight Frank has seen a slowdown in annual […] More
Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in developed and emerging markets alike to cut interest rates. The latest prime global index from Knight Frank shows that residential prices across 46 cities increased by 1.4% in the year to June 2019, up […] More
