24 Jun '15, 12am

#singapore #property Global demand for luxury homes: Ultra wealthy individuals are buyi...

#singapore #property Global demand for luxury homes: Ultra wealthy individuals are buyi...

The EMEA (Europe, Middle East and Africa) region offers purchasing and investment opportunities, particularly in Madrid, Dubai and Cape Town (three EMEA cities featured in the report), where luxury properties and strong lifestyle considerations may appeal to UHNW buyers. London remained the top real estate hub for the EMEA region. The city’s price per sq ft (US$3,103) is nearly four times that of Dubai, and six and nine times more than Madrid and Cape Town respectively. One-third of all premium London properties for sale (homes valued above US$1 million) are worth more than US$10 million. By comparison, Dubai has only 8 percent of its luxury properties listed in the super prime range above US$10 million. The less expensive price per sq ft for premium real estate in Cape Town generally leads to larger houses. A luxury property in the South African city has six bedrooms on a...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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