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Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%. Read More »


U.K. Luxury Country Home Sales in 2019 Muted by Brexit Uncertainty

U.K. Luxury Country Home Sales in 2019 Muted by Brexit Uncertainty

According to global property advisor Knight Frank, sentiment is the key driver of activity in prime regional markets in the U.K.. Uncertainty surrounding the UK's political landscape means discretionary buyers and sellers are cautious. Consequently, pricing has been subdued and stock levels are muted. Read More »

London Outbound Migration at Record Levels, Home Affordability Key Driver

London Outbound Migration at Record Levels, Home Affordability Key Driver

According to UK's Office for National Statistics, which tracks internal moves within the UK, migration from London to other parts of the UK reached its highest ever level in 2018. Read More »

Ireland's Home Price Appreciation Slows in 2019

Ireland's Home Price Appreciation Slows in 2019

According to Daft.ie latest Ireland Sales Report, home prices in the second quarter of 2019 were 3.7% higher than a year previously, the lowest rate of inflation since late 2013. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated August 16, 2019 8:00 AM ET

Europe Residential News Property News

According to international real estate consultant Knight Frank, despite the unknown outcome of Brexit, underlying demand for London's super-prime property remains resilient.

Global real estate consultant Knight Frank is reporting that economic uncertainty of Brexit, coupled with the complexities of the planning system and rising build costs, have exerted pressure on London land values at the turn of 2019.

According to a new report by Daft.ie, Ireland home prices are currently growing by 5.9% year-on-year and in 2019 there are on average 11 properties sold nationwide every week that are worth €1m or more.

According to international real estate consultant Knight Frank's latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 45 cities globally, registered its lowest rate of annual growth since the final quarter of 2009, when the world was in the grip of the financial crisis.

According to the latest quarterly Rental Report by Daft.ie, there were just 2,700 homes available to rent nationwide in Ireland on May 1st, 2019, the lowest total ever recorded in a series dating back to 2006.

Global real estate consultant Knight Frank is reporting that the average home price in Madrid declined 30% in peak-to-trough terms following the financial crisis of 2008, but now sits 46% above the market low reached in Q3 2012.

According to new research from international property consultancy Knight Frank, unlike Tuscany's mainstream residential housing market, the prime luxury segment is on a firmer footing.

According to new research from Daft.ie, Ireland home prices close to DART stations and Luas stops rose again by an average of 4% in the first quarter of 2019 to an average of €512,000 ($571,000 USD).

Rising uncertainty surrounding Brexit and its potential impact on the economy tempered growth in Scottish country house prices over the first three months.

According to global property advisor Knight Frank, London home prices declined 0.6% in 2018, but markets are increasingly localized and performance differs greatly by borough.

According to the latest House Price Report by Daft.ie, Ireland housing prices nationally rose by 2.9% during the first three months of 2019.

According to Daft.ie's latest quarterly Ireland Rental Report, while residential rents rose nationwide by an average of 9.8% in the year to December 2018.

According to new research by housing platform HousingAnywhere shows an upward trend for rental prices in Q4 compared to the year before for all their major European student destinations.

International property consultant Knight Frank reports this week that the average greenfield development land price declined 0.6% in Q4 2018, down from 2.6% growth in Q3, paring annual growth to 0.6%. Labor costs continue to edge up and the relatively weak pound has made imported building materials more costly for homebuilders.

According to international property consultant Knight Frank, the annual change in prices in prime regional housing markets in England and Wales fell for the first time in 18 months in 2018, according to Knight Frank figures.

According to Daft.ie's 2018 Wealth Report, the number of homeowners in Ireland whose property is worth €1m or more - making them "property millionaires" - has surpassed 5,000. The total number of property millionaires now stands at 5,305, a change of 452 or 9% since June of this year.

Residential rents rose nationwide by an average of 11.3% in the year to September 2018. This represents the tenth consecutive quarter in which a new all-time high for rents has been set and also in which annual inflation in rents has been greater than 10%.

According to the latest House Price Report by property website, Daft.ie, Ireland home prices nationally rose by 1.3% in the third quarter of 2018. The average price nationwide between June and September 2018 was €257,000, 6.6% higher than a year ago.


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