The super-rich are using lockdown to design their own multi-million-pound safe-haven chalets telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Mansion Global
Amid a Pandemic, Global Luxury Home Prices Accelerated
Affluent buyers swarmed housing markets around the world, pushing price inflation above 2019 levels despite the massive health crisis By V.L. Hendrickson |
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Auckland led Knight Frank s latest Prime International Residential Index.
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Average prices for luxury residential properties rose 1.9% in 2020, unexpectedly inching up from the 1.8% rise measured in 2019, according to Knight Frank’s Prime International Residential Index released Wednesday in the U.K.
Still, 29 of the 100 locations considered in the index saw year-over-year price declines in 2020, compared to 21 in 2019. By contrast, five markets showed double-digit price increases in 2020, compared with only two during the previous year.
More Ultra-Affluent Individuals Plan to Buy a Home in 2021 mansionglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mansionglobal.com Daily Mail and Mail on Sunday newspapers.
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From tax changes to rental rules to infrastructure plans, what’s happening nearby is of utmost importance By V.L. Hendrickson |
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Argentina passed a progressive tax that can mean a 5.25% charge on individuals with assets worth more than 200 million pesos (US$2.5 million). Anton Petrus / Getty Images
Argentina passed a progressive tax that can mean a 5.25% charge on individuals with assets worth more than 200 million pesos (US$2.5 million).
Anton Petrus / Getty Images
Think globally, but buy real estate locally.
Although the economy of a country as a whole is a factor to consider when researching real estate, it’s just one of the considerations super-prime investors should take into account. They should also be examining local issues like taxation and long-term infrastructure planning as they mull the decision to invest in luxury real estate.