The arithmetic
Price, hotspot, weeks let, management, financing, growth and the years you intend to hold. The instrument returns the net yield after costs, the cash-on-cash with leverage, and the internal rate of return of the whole hold including the exit.
Whether the house is an asset or a cost, in one number and the lines behind it.
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The numbers
Capital gains rules differ more than prices do: nothing in Monaco and Dubai, nothing after ten years in Germany, a flat thirty in Austria, a taper in France. The exit is the part of the return most buyers never model.
The numbers
The most quoted number in property and the least useful at the top of it. What it measures, what it hides, and how the Ranesta Index uses it anyway.
The places
Prime markets do not move together. Dubai has fallen forty per cent twice; the Gold Coast of Zürich has not fallen in living memory. How the cycle works at the top, and how to buy through it.
The Private Letter
One letter a month: what moved in the hotspots, one anonymised sale explained, one number worth knowing. No advertising, no tracking, one click to leave.