The WPJ

Milan

Italy's 2024 Tourism Boom, Tax Perks Energizing Local Home Sales

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.

Manila is World's Top Housing Market for Price Appreciation in Early 2024

According to global property consultant Knight Frank, the first quarter of 2024 witnessed an average annual growth rate of 4.1% across the 44 markets covered by the Knight Frank Prime Global Cities Index, marking the strongest rate of growth since Q3 2022

Super Luxury Home Sales Spike 11 Percent Worldwide in Q4

Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022.

European Hotel Values Still Below Pre-Covid Prices

According to the annual European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS, hotel values across Europe remained steady in 2023 buoyed by the consolidation of the post-pandemic recovery and a steady desire to travel keeping average room rates strong.

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