Global Luxury Property Review July 2013 compiled for Butterfly Residential

1. Global Luxury Property Review
July 2013
A monthly review of luxury property news globally.

2. 1
Luxury brands teaming up with
property developers
Luxury-goods brand such
as Bulgari and Fendi are
teaming up property
developers to offer
upscale designer
properties.
In what is predicted to
become a new niche in
luxury real estate, brands
are now putting their
names to entire buildings.
These "Branded" buildings
will bear the appellation of
a world-class luxury trademark are sprouting up in status-conscious cities around the
world, giving buyers something to get excited about.
The French crystal brand known for its HK$1,000 champagne flutes, Baccarat, has
branded the Baccarat Residences in Shanghai and New York. Luxury jewellery brand,
Bulgari has helped create the Bulgari Residences in London and Bali is close to the
hotels which have been built by the luxury jewellery brand.
Versace, Fendi and Armani have partnered with developers worldwide - from Morocco
to Manila – will also bring their specific aesthetic to residential buildings.
Source and rest of article: scmp.com
Manhattan luxury property ‘booming’
Sales of Luxury houses and
buildings are on the rise across
the area of Manhattan (New
York).
The number of apartment blocks
in the area selling for more than
$15 million has risen by 49 per
cent
This is beginning to make

3. 2
Manhattan a rival with other popular cities with the wealthy such as London, according
to New York Real Estate, CityRealty.
Source and rest of article: NYTimes.com
More foreigners buy a 2nd Italy home
Buying a second home in Italy is on the
rise, according to the Scenari Immobiliari
Research Institute. In 2012 the total of
sales of second homes totaled €2.1 billion,
which is an increase of 14 per cent from
the previous year.
The majority of the buyers were from
Germany (around 40%), Great Britain
(18%) and Russian (13%).
Source and rest of article: GlobalPropertyGuide.com
London still global luxury capital
London remains to be the luxury property
capital of the world according to studies
carried out by an online platform
dedicated to the sale of high-end
properties around the world.
More than half of the luxury properties
purchased in London were to a foreign
clientele, with the biggest buyers from
Russia and the Middle East.
This means that the average price of luxury property in London has increased by 35 per
cent since 2009.
Source and rest of article: PRNewswire
Luxury Property in Morocco ‘rising’
The number of people in the second home industry in Morocco is on the rise. This is
said to be fuelled by demand from domestic buyers of second homes, expatriates
buying holiday homes and this has recently been strengthen by an influx of investment
capital from high-net-worth individuals from abroad.

4. 3
Foreign residents are primarily from French-speaking countries, in line with Morocco’s
historical links with Romance Europe, and the UK.
Source and rest of article: Property-Abroad.com
Spain’s luxury property could see
boost thanks to new visa rules
It is believed that Spain’s new visa for non-Europeans purchasing property over
€500,000 is set to gain great interest from wealthy overseas buyers.
The Government in Spain has confirmed that as of next year those from the European
Union buying property in the €500,000 and above price range will be granted by a
residency visa.
It is said that this will be especially attractive to buyers from Russia, the Middle East
and China.
Source and rest of article: PropertyForum.com

5. 4
Lady Gaga upgrades to rental luxury
Pop star Lady Gaga is said to have
upgraded from her previous apartment
where she lived before she was famous
to a rented $22,000 per month luxury
penthouse in the Central Park in New
York according to a report by Life &
Style magazine.
This is a dramatic upgrade seen as her
previous apartment in the Lower East
Side area had a $1,100 rent per month.
Source and rest of article:Hollywoordtake.com
Live like a footballer, for £15,000 pm!
Former Everton and England
footballer, Phil Neville is out renting
his four bedroom penthouse in
Manchester for £15,000 a month.
The stunning penthouse which has
been nicknamed ‘mansion in the
sky’ due to its luxury offers 360º
degree views of Manchester.
However the 5000 sq ft property is
not for the faint-hearted or those
who suffer from vertigo, as the Orchard Suite sits on the 45th floor of Beetham Tower.
Source and rest of article: DailyStar.co.uk
Photo credit: Cavendish

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