The world’s most luxurious houses have fallen to their lowest annual growth levels for almost six years,..." />
The world’s most luxurious houses have fallen to their lowest annual growth levels for almost six years, according to new Knight Frank data, climbing just 2.7% in the last 12 months. London’s luxury values dropped 2.9% in the last year. "A combination of uncertainty surrounding Brexit, rising interest rates across major economies, a tighter regulatory environment and the remnants of high supply in some markets is impinging on price growth,” Knight Frank said. However, a separate report from JLL predicts that the average price of a new-build home in Zones 1 and 2 will rise 17.6% between 2019 and 2023, boosted by a combination of an incremental rise in GDP, a 4% rise in earnings, and moribund growth in new housing stock.
City AM (29/10/2018) Evening Standard (31/10/2018)