Ultra-prime residential property markets closed the year with a surge in blockbuster transactions, even as annual momentum cooled modestly from mid-year highs, underscoring a bifurcated global luxury housing landscape shaped by tax policy, cross-border capital flows and shifting investor sentiment.
Americans are poised to hit the roads, airports and ports in record numbers this year, underscoring the resilience of consumer travel demand even as broader economic uncertainty lingers.
Global sales of super-prime homes--properties valued at $10 million and above--continued their upward momentum in the second quarter of 2025, according to international property consultancy Knight Frank.
Miami tops investment banker UBS's latest Global Real Estate Bubble Index, marking it as the world's riskiest urban housing market. Tokyo and Zurich follow closely, while Los Angeles, Dubai, Amsterdam, and Geneva are also flagged for elevated bubble risk, according to the Swiss bank's annual report.