London Real Estate News
London
Despite Geopolitical Uncertainty, European Hotel Values Rise
According to HVS' annual Hotel Valuation Index (HVI), hotel values in Europe saw a consistent 2.0% increase in 2024, driven by lower interest rates, modest RevPAR growth, and sustained demand for European travel from international visitors.
Global Luxury Residential Prices Showed Gradual Improvement in Late 2024
According to Knight Frank's latest Prime Global Cities Index, the growth of prime residential property prices worldwide is slowly gaining momentum. The annual growth rate climbed in the final quarter of 2024, reaching 3.2%. Although this marks an improvement from the previous quarter, it remains below the 20-year average of 5.3%.
Ultra Luxury Home Sales Globally Experience Slowdown in Q3
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024.
Dubai, Palm Beach and Miami Lead World's Super Luxury Home Sales
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.
