Property prices in Edinburgh rose by 1% in the second quarter of the year after a 1.3% increase the previous quarter.
Tagged – ‘Lifestyle’
Interest from wealthy buyers in luxury flats of Moscow (200+ sqm) has reached pre-recession levels, with demand for high-quality large apartments exceeding supply, according to Knight Frank.
Lifestyle vineyards are growing in number and, in some parts of the world, are providing a strong investment return.
Chinese investors are the most influential buying nationality in prime new-build markets globally , according to new research.
Just 28% of all £1m+ sales in prime central London over the 12 months to June 2013 were to buyers not resident in the UK, according to Knight Frank’s detailed analysis of international purchase activity in the city.
Classic cars have been the best performing asset over the past decade, with returns outstripping those for other luxury asset classes such as wine, coins, stamps and property.
Waterfront properties in sought-after coastal locations cost 63% more, on average, than similar properties that are landlocked, according to Knight Frank analysis.
Clarification surrounding the taxation of luxury property in France has been welcomed by overseas buyers who are starting to return to the market, according to Paul Humphreys and Mark Harvey, of Knight Frank’s French sales team.
Prices of £10m+ homes have recovered strongly since the post-crisis market low in March 2009.
Despite the ongoing economic problems in the wider Eurozone, Knight Frank’s Italian team agreed a record number of sales in 2012/13, up by 50% year-on-year.