Buying Property in North America through Knight Frank Middle East
Strategic alliance between the leading residential agencies in New York and London.
Two of the biggest names in residential property, Douglas Elliman Real Estate and Knight Frank Residential, have launched a new real estate alliance. The firm’s combined network will now include 400 offices across 52 countries and jointly market more than $38 billion of prime and super-prime properties priced at $1.5 million or more.
As the US economy strengthens and the mobility of global buyers increases we see increased demand for US prime residential assets from the Middle East and Asia Pacific. In response to this, Knight Frank have established a dedicated US Residential Desk in the Middle East, providing Gulf based clients with comprehensive advisory services and direct access to best-in-class residential property in North America.
The 2015 Knight Frank Wealth Report revealed the value of luxury residential property around the world rose by just over 2% on average in 2014, based on the performance of the 100 locations covered by our Prime International Residential Index (PIRI) rankings. The US dominates the top of our table, taking four out of the top 10 positions, with New York (+18.8%) and Aspen (+16%) in first and second place respectively. Luxury prices rose by almost 13% on average across US cities last year, compared with an average of only 2.5% in Europe.