Based on new data from global property consultant Knight Frank, 463 sales of properties valued at $10 million or more were recorded in the three months leading up to June 2024 across 11 key markets. This figure is slightly lower than the 476 sales recorded in the previous quarter.
Based on AAA booking data, Seattle is the top destination for Labor Day weekend, showing an increase of nearly 30% from last year when it also ranked first.
According to Kate Everett-Allen, Head of European Residential Research of Knight Frank, consumer interest in Italy is gaining momentum, with a rise in tourist numbers boosting investment returns for holiday accommodations.
Real estate consulting firm JLL predicts a significant increase in data-dependent technologies like the Internet of Things (IoT) and generative artificial intelligence (AI) will drive the need for robust IT infrastructure, particularly in the form of edge data centers.