Property
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$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.
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Who Will Buy Madoff’s Homes?
Now that Bernie and Ruth Madoff’s homes have been handed over to the government, they will likely be put up for sale to raise more money for victims of Mr. Madoff’s ponzi scheme.
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Credit-crunched luxury villa reduced by over 40%
A £15m-plus luxury villa in Palma, Mallorca, has been cut to nearly half-price after receiving no offers since it first came on the market last October.
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European wealthy move back into £10m property
Prices of London homes worth £10m and more, last month rose for the first time since the recession began, as European buyers urgently seek to buy London property while the local currency is still relatively cheap.
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UBS predicts UK property market will continue to falter
The property prices in the UK will fall a further 10% on top of the 20% already recorded since peak of the property market in 2007, according to a new report from UBS Wealth Management.
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One thousand non-doms leave the UK, more to follow
At least one thousand non-domiciled UK residents and wealthy individuals have quit the UK in the wake of recent tax hikes, estimates Knight Frank, the UK upmarket estate agent.
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Few roots for green shoots in London property
Since the wheels fell off London’s top-end residential property market, estate agents have tried to predict the depth of the downturn – and more importantly, the timing of the recovery.
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Mayfair property springs into life
Knight Frank, the high-end London property agent, said prices in Mayfair, one of London's most exclusive neighbourhoods, have risen for the second month in a row.
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Time to buy real estate, says Jewson Associates
The time has come for investors to start buying bombed-out commercial real estate, according to Tim Brown, head of strategy at wealth adviser Jewson Associates.
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Scottish millionaire launches commercial property fund
A Scottish entrepreneur is launching a £30m commercial property fund, as experts predict the UK commercial property market will recover later this year.
Most Read
Brummel
Relocation, relocation, relocation
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Rich Monitor
$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.
