Expatriates have seen their housing allowances cut because of the global slump, leading to a decline in demand for luxury homes. Photo: AFP
Luxury homes to see slower rent growth
Sluggish global economy dampening demand for high-end flats while fuelling strong growth for mass-market units, says consultancy
Expatriates have seen their housing allowances cut because of the global slump, leading to a decline in demand for luxury homes. Photo: AFP