LINLEY"

MARKETWATCH:

Published On: Tue, Mar 5th, 2013

London: Luxury homes capital of the world

London is the luxury homes capital of the world, and the global prime property market is more similar to the fine art market than to the mainstream property market, according to a new report from Christies International. Limited inventory, strong international buyer demand, and high-net-worth individual’s “increased appreciation for world-class lifestyle offerings” have pushed prices for luxury homes to “historic highs,” with London once again leading the field.

Christies’ report (Luxury Defined: An Insight into the Luxury Residential Property Market) compares 10 of the world’s top property markets— London, New York, Hong Kong, Paris, San Francisco, Cote d’Azur, Toronto, Dallas, Los Angeles, and Miami — and debuts the “Christie’s International Real Estate Index,” which promises to be “the first ever true global indicator for luxury residential real estate.” The Index ranks markets across “key metrics including record sales price, prices per square foot, percentage of non-local and international purchasers, and the number of luxury listings relative to population.”

You need to be logged in to see this part of the content. Please Login or Subscribe to access.
Remember Me
 
Not subscribed yet? Click here to stay on top of the market...

Print Friendly

TRANSLATE

MEDIA PARTNER

K&C-July-15-COVER

FROM THE ARCHIVES

Futurewealth #2: stepping into the communication age

In the second of four in-depth reports, wealth gurus Scorpio Partnership explore how the Futurewealthy are rapidly adopting new technologies, discovering that this select international group has a clear understanding of how new communication tools can enhance their interactions with others. As the wealthiest and those in Asia adapt their communication habits most quickly, the […]

@PrimeResi

ARCHIVES BY DAY

August 2015
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31  
  • Senior Lettings Negotiator
    With the Launch of our second office we are looking for an enthusiastic, highly personable, and motivated individual to look after the lettings within it. You will need to be commission driven with a confident, effervescent personality who will fit in well with the current team. Good lettings experience is required and local knowledge of Kensington
  • Sales Lead Executive
    We are recruiting new talent into our Client Services team in London. We are looking for articulate, sales / target orientated candidates who are keen to start a new role. This is a lead generation role / sales role, which involves generating lettings appraisals via new and existing clients for the residential lettings team. The
  • Lettings Negotiator
    We are looking for a Lettings Negotiator to join our new Balham Lettings team. Candidates should have some Lettings experience. We offer a competitive salary package plus benefits including a company car and private healthcare. Full details and how to apply here
  • Sales Negotiator
    Knight Frank’s London Residential Sales team has long been responsible for unparalleled success in the sale of high quality and prestige London homes. Our Marylebone office is currently looking to recruit a Sales Negotiator to join the Prime Residential Sales team with responsibility for the acquisition of instructions, the presentation to the market and the
  • Residential Valuer
    An opportunity exists for a Surveyor with two years PQE experience to work within the Valuation department based in London. The successful candidate will work directly with the Director in a residential team of 16 and part of the larger valuation department at Savills’ head office in Margaret Street. The job is primarily to undertake residential

DIARY DATES

  1. What is Luxury?

    April 25 - September 27
  2. RESI Conference 2015

    September 7 - September 9
  3. Palladian Design: The Good, the Bad and the Unexpected

    September 9, 2015 - January 9, 2016
  4. LAPADA Art & Antiques Fair

    September 22 - September 27
  5. MIPIM UK

    October 21 - October 23
Read previous post:
Prime London house prices now 55% above 2009 market low

Close