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Global Update: Buyers Batty for Bengaluru

News from luxury-home markets around the world

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Bengaluru, known has India's information technology city, has been rated as the country's top real estate destination.

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Bengaluru, known has India's information technology city, has been rated as the country's top real estate destination.
Getty Images

A Knight arrives for Thai investors. Knight Frank Thailand and Siam Commercial Bank are partnering to help SCB’s “ultra-high-net-worth customers” diversify their portfolios with investments in the overseas property market, with a special focus London-based properties. [The Nation] There’s luxury, and then there’s island luxury. Learn the basics of buying in a tourism-driven real estate market with the Times’ St. Lucia profile. [NY Times] Big Bene! British buyers seek Italy’s economic and Mediterranean climate. Research by Gate-Away real estate portal found that British value requests have doubled for Italian real estate. A trend the firm says, “is set to continue.” [PropertyWire] Hello world, meet Bengaluru. The southern Indian city, known as India’s IT hub, tops PropEquity recent report as the “country’s leading real estate destination,” displacing Mumbai, which fell to sixth on the list. The report cites “professionalism” as a factor in Bengaluru’s top ranking. [Quartz] Asia ascendant? It’s an uphill swing for Asia’s luxury housing market. Twelve out of 23 cities experiencing the strongest growth in luxury home prices globally were in the Asia Pacific. However, Nicholas Holt, head of research at Knight Frank Asia Pacific, told CNBC, “Asia is slowing down” despite the positive momentum. [CNBC] Ready, set, real-estate expansion. Following a three-day networking event known as Cityscape Qatar, organizers reaffirmed that “all real estate sectors are set for significant expansion.” In the lead-up to the 2022 FIFA World Cup and Qatar National Vision, the country continues to invest in large-scale infrastructure. [Gulf Times] Who doesn’t like neighborly, overseas investments? About $2.55 billion in foreign money is coming into Los Angeles’s real estate market, that’s according to 12 cities, a recent report by real estate firm Savills. The 2014 breakdown ranked LA fifth in the world for “cross-border” investments – real estate deals that carried a price tag over $10 million. [Curbed]