The pulse of luxury residential real estate. “The pandemic recalibrated interest in larger, greener properties, secondary cities, and geographies with favorable tax and emigration policies. These preferences are likely here to stay for the foreseeable future” – Bradley Nelson, chief marketing officer for Sotheby’s International Realty. The global wealth is forecasted to grow and … Read more
British brand closes 24 of its 64 stores in mainland China as shopper numbers plummet
Kering luxury group reports good performance in the first quarter of the year. The luxury group announced it has delivered remarkable growth in consolidated revenue in the first quarter of 2019, up 21.9% as reported and 17.5% on a comparable basis to €3,785.3 million. Online sales continued to climb, and revenue from the wholesale … Read more
Luxury fashion house says higher exchange rates for pound and euro are deterring Chinese tourists
British bag manufacturer says weak pound causing tourists to shop elsewhere in Europe
Christie’s International Real Estate Establishes Luxury Residential Brokerage Office in New York City. The move marks the first residential brokerage office for the real estate arm of Christie’s that will complement its existing global affiliate network. Christie’s client service options will include custom tailored residential real estate buying and selling services in the dynamic New … Read more