The average London home price is now double the UK average for the first time in a 41-year period.
London continues to set the bar when it comes to 'super-prime' luxury property sales around the world.
New York and London have been named as leading international cities of the world.
Getaway cities will deliver the best growth in the next five years.
Rhodes is enjoying new record luxury home prices in the first quarter of 2014.
Asian buyers, who dominate the market for new and off-plan homes in London, are increasingly worried about anti-foreigner sentiment.
Home prices in the U.K. grew by the fastest pace in almost five years due to an improved economic outlook and higher consumer confidence.
Batumi, Georgia-based developer Tam Geo is investing $80 million in Babillon Tower Batumi, the highest residential tower in the country of Georgia. Babillon Tower is a mixed-use development currently under the construction.
The U.K. construction industry has enjoyed three consecutive quarters of growth for the first time since the financial crisis. In a survey of approximately 1,000 U.K. companies, there were more respondents who reported growth in activity during the last quarter of 2013.
Luxury home sales in London increased 37 percent last year as the number of U.K.-based buyers grew, according to a new report. The number of homes worth £4 million to £5 million led the increases.