Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD).
Catherine Mann, the OECD’s chief economist, said the think-tank was monitoring “vulnerabilities in asset markets” closely amid predictions of higher inflation and the prospect of diverging monetary policies next year.
International real estate advisor Savills latest Market in Minutes states that there has been an 18% increase in mega deals, those over €100 million, year on year in Q1 2015.
Additionally, the firm has also found that portfolio transactions have increased by 23% year on year accounting for more than two thirds of the value of all mega deals and 45% of the total transaction volume. Continue reading →
Over the past five years emigration1 from Britain is estimated to have reached 851,000, according to latest research from Lloyds Bank Private Banking. However this total figure represents a decline of 10% compared to the previous five years when emigration totalled 942,000 in the period 2004 -08.
In the period since 2009 levels of emigration have remained stable, averaging around 142,000 per year; compared to an annual average of 188,000 in the five years to 2008, peaking at 203,000 in 2006. Continue reading →
According to a Lloyds Bank International Private Banking survey nearly two fifths (38%) of Britons with children would consider a move abroad, with 45% of those citing their families as an incentive for the move.
When asked to select reasons for emigration, the research showed that bringing families closer together was high up the agenda (53%), only bested by improving the quality of life (67%) and exposing them to a different culture (59%). Better schooling and easier access to healthcare were well down the list at 38% and 22%respectively. Continue reading →
New York will overtake London as the most important city for the ultra-wealthy by 2023, according to Knight Frank’s Wealth Report, an annual analysis of wealth flows and property investment around the world.
The report shows that three of the top five most important cities by 2024 will be in Asia, knocking Geneva from the top 5. Continue reading →
According to new research from Lloyds Bank, more than a third (35%) of affluent British parents would consider leaving Britain at some point in the future.
Surveying British parents with more than £100,000 of investible assets, nearing one in two parents (45%) who have children under 18 and would consider emigrating, say that their family is the motivation behind this. Continue reading →
Commercial real estate investors are showing greater appetite for risk in Europe as the overall market continues to grow and the recovery in both Ireland and Spain gathers pace, according to the latest data from global property advisor CBRE.
The trend of increasing commercial real estate investment that has been emerging in Europe over the course of this year continued in Q3 2013. Continue reading →
Hitting foreign property investors with new taxes will damage the UK’s status as a country that is “open for business” while doing little to curb rising house prices, the property industry said.
The British Property Federation (BPF) spoke out amid fears that George Osborne is considering levying Capital Gains Tax on foreign investors to tackle rising house prices in London and the South East. Continue reading →