Expatriates have seen their housing allowances cut because of the global slump, leading to a decline in demand for luxury homes. Photo: AFP
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
Expatriates have seen their housing allowances cut because of the global slump, leading to a decline in demand for luxury homes. Photo: AFP
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