Luxury spec homes rarely surprise me anymore. After 10 years in Dubai real estate and two years in Los Angeles I have seen many, many "dream homes" with multi-million-dollar price tags.
International property consultant Knight Frank is reporting that urban house prices globally increased by 5.6% on average in 2020, up from 3.2% in 2019.
Miami, Florida and Dubai in the United Arab Emirates are thousands of miles apart, separated by geography, cultural differences and political landscapes; however, there's more in common between these sunshine cities that you would think.
Global property consultant CBRE is reporting that worldwide commercial real estate investment increased by 84% quarter-over-quarter in Q4 to $290 billion but was down by 20% from Q4 2019.
The annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.
Posted on July 10, 2020
Posted on December 06, 2019