Category Archives: Property Market

Luxury Rents Showed Positive Growth in the First Half of 2021, but Not in Every City

Global luxury rental rates are recovering, although travel restrictions have stunted their growth in some metro areas.  Prime rents ticked up 0.5% in global cities in the first half of 2021, according to a report Monday from Savills. Compare that to the 1.8% decline last year, which was the result of travel restrictions prompted by […]

Living in the Past: Why Americans Are Craving Colonial Homes

None but a few homeowners can say “George Washington slept here”—but many more can opt for a home that was built in the same era, or before, he was president.  As the U.S. celebrates 245 years as an independent country, homes from the Colonial era have seen a renewed interest from buyers looking for distinctive […]

London’s Luxury House Hunters Have a Collective £36.8 Billion to Spend

London’s super-prime property market, with demand for its most luxurious homes soaring and its buyers with billions of pounds in their collective pockets to spend, is on the road to recovery, according to a report Monday from Knight Frank.  Following a rocky Covid-induced slump that saw the property market effectively shutdown amid the pandemic, purchasers […]

Head for the Hills: Texas Is Facing an Unprecedented Land Rush

Property buyers in Texas are heading for the hills—and plateaus, grasslands and prairies. Urban Texans are “stampeding” to rural parts of the state, sparking a huge jumps in both sales volume and prices, according to a report from Texas A&M University. And in a May follow-up bulletin, the university noted that first-quarter 2021 activity had “exploded” after […]

Dubai Homes Saw a 25% Spike in Sales Volume in the First Quarter

Sales volume in Dubai’s prime residential property market jumped 25% between the fourth quarter of 2020 and the first quarter of 2021, according to a report from LUXHABITAT Sotheby’s International Realty.  During the first three months of the year, 3,450 apartments and 586 villas were transacted, for a total volume of AED 11.6 billion (US$3.2 […]

U.K. Price Growth Picks Up the Pace

London Rental Inquiries Rose After Lockdown Road Map Announced London rental inquiries jumped after the U.K. government announced a plan for guiding the nation out of its current coronavirus lockdown, according to analysis by estate agent Chestertons. In the week after the announcement, rental inquiries in the capital city were up 8%, the number of […]