residentialrealestate
The UK’s commercial real estate market is showing signs of a robust recovery, outpacing the rest of Europe after enduring a two-year downturn fueled by high interest rates. Recent data highlights a resurgence in deal volumes and property values in the UK during the first half of 2024, in stark contrast to the more sluggish recovery seen in other major European markets like Germany and France. According to market data, commercial real estate values across Europe have fallen by nearly 25% from their peak in 2022. However, the first half of 2024 has seen a modest recovery, with prices rising by a...
Invezz
Realtor.com has identified Oshkosh, a midwestern city, as the hottest housing market in the United States as of July 2024. This surprising leader reflects a broader trend where smaller, more affordable cities are outpacing traditional real estate powerhouses like San Francisco and New York City. The report highlights the shifting dynamics in the US housing market, driven by high demand, limited inventory, and a significant migration away from major metropolitan areas. Midwest real estate dominates the marketOshkosh’s rise to the top spot is part of a larger trend favoring midwestern cities. Re...
Invezz
Portugal is swiftly emerging as a prime destination for wealthy expats seeking more than just sunshine and sardines. According to the ‘Wealthy Expats in Portugal Survey Report 2024/25’ from the World Digital Foundation, which interviewed over a thousand affluent individuals considering relocation, the country’s appeal lies in its favourable tax regimes, safety, excellent healthcare, and overall quality of life. Tax incentives and residency programsOne of the significant draws for wealthy expats is Portugal’s advantageous tax policies. The Non-Habitual Residency (NHR) tax regime, introduced in ...
Invezz
UK house prices rose at their fastest annual rate since the end of 2022, a period when the property market was reeling from the impact of Liz Truss’s mini-budget. According to mortgage lender Nationwide, house prices increased by 2.1% in July, up from 1.5% in June, with the average property price reaching £266,334. Market recovery and the Bank of England’s upcoming decisionThe latest data comes as the Bank of England prepares to decide on a potential interest rate cut. The central bank’s base rate has been at a 16-year high of 5.25% for nearly a year. The decision is closely watched, as it cou...
Invezz
India’s National Capital Region (NCR), including New Delhi, Gurugram, Noida, and Greater Noida, is seeing a surge in luxury housing demand. This shift is driven by rising incomes and a growing desire for upscale facilities. According to Indian real estate consultant ANAROCK, out of approximately 32,200 housing units sold in the NCR in the first half of 2024, over 45% were luxury units, while 24% were affordable units. In the first half of 2024, around 14,630 luxury units were sold in NCR, compared to 1,580 units sold in the entire year of 2019. The ANAROCK report classifies luxury homes as tho...
Invezz
The skyline of Dubai is getting denser as the world’s rich and ultra-rich flock there to grab a share in its pie of luxurious, yet affordable real estate. Even as the rate of growth of residential prices begins to fall with the current property cycle maturing, experts deny a slowdown is approaching. Interestingly, a new trend of buyers buying to hold and live, than to “flip”, is emerging, making Dubai a global luxury second homes market. Invezz sat down with Faisal Durrani, partner and head of research, MENA (Middle East and North Africa) at Knight Frank, to decode the various facets of the bo...
Invezz
Despite the appearance of a robust financial landscape in the United States, a closer look reveals significant disparities in wealth distribution. While household net worth relative to income is nearing historical highs, the benefits of economic gains are not equally shared, highlighting critical economic undercurrents. Upper-income households driving economic gainsOver the past decade, rising stock prices and home values have significantly boosted the net worth of US households. However, this wealth boom has predominantly benefited the upper echelon of earners. These households have capitaliz...
Invezz
London’s property market continues to dominate the list of the most expensive places to buy a home in the UK. A recent study has revealed that eight of the UK’s top twenty most unaffordable locations for homebuyers are in the capital. The borough of Kensington and Chelsea takes the top spot with an average property price of £1,197,249, making it the most expensive and least affordable area in the country. Kensington and Chelsea: The pinnacle of unaffordabilityKensington and Chelsea, a borough renowned for its affluent residents, including international billionaires, industry moguls, and celebr...
Invezz
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