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Prime residential prices in Cape Town skyrocketed in 2022, according to The 2023 Wealth Report by Knight Frank.
According to the global real estate specialist’s annual report, Cape Town shot up the Prime International Residential Index (PIRI) – climbing to 31st from 94th the year prior.
The PIRI tracks movements in luxury prices across the globe’s top residential markets.
The report said that Cape Town’s prime residential prices increased by 7.3%.
We wish to personally welcome and thank Hilton Hotels & Resorts for selecting to advertise on real estate coupons being downloaded and printed by clients on our Qroople real estate coupon platform.
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We wish to personally welcome and thank Qatar Airways for selecting to advertise on real estate coupons being downloaded and printed by clients on our Qroople real estate coupon platform.
Qatar Airways has just joined a rapidly growing contingent of brand advertisers on qroople.com
In recent weeks we’ve seen a flurry of takeover deals, arguably the likes of which we haven’t witnessed since the late 1980’s when the Prudential, Halifax and the like were hoovering up estate agency chains like freeloading relatives at a wedding buffet.
Countrywide has become Connells. Douglas & Gordon reverse into Foxtons, as Hunters are absorbed by TPFG, Gibbs Gillespie are taken in by Leaders Romans and Dexters buys Roy Brooks. This is all in less than three months of the year beginning and rumour has it that there are more takeover surprises to come in 2021 still, especially now that Dexters have ‘kids in a candy store’ money.
"It is not surprising to see a lot of luxury retailers say, ‘Do we really need to be here paying these incredibly high rents?’” said one expert.
High-end fashion stores on New York’s Fifth Avenue used to play the role of a showroom, where shoppers could browse through curated racks of clothes with a glass of champagne. However, with shopping at a near standstill and in-store sales hovering at zero, that prime real estate is becoming a drag on retailers’ balance sheets.
New York, New York (May 18, 2020) — Le Castelet is an estate embodying authentic medieval grandeur with airy seaside serenity, since modernized in an inviting French aesthetic and with 21st-century comforts. Famed as the summer getaway of global icon Brigitte Bardot after her divorce from film director Roger Vadim in 1957, the home served as her retreat from the glare of celebrity. Perched atop a 1.46-acre rise within walking distance to the quaint village of Peymeinade, the sweeping views of the Bay of Cannes with the Esterel Mountains beyond are breathtaking.
Maroon 5 frontman and beloved "Voice" judge Adam Levine and his wife, Behati Prinsloo, are flipping yet another piece of prestige real estate. The couple are now selling a remodeled Beverly Hills, CA, mansion for $47.5 million.
Levine has showcased some serious moves in the SoCal real estate game in recent years, and shows no signs of slowing down.
Boston, MA (Thursday, March 28) Douglas Elliman Real Estate, the second largest independent residential real estate brokerage in the United States by sales volume, announced today that Lisa Rainis has been named executive manager of sales. In this newly established role, Lisa will oversee the day-to-day operations of Douglas Elliman’s three Boston offices and activities of its agents.
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