Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin
World Property Journal » Qatar
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1M ago
According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7 ..read more
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2024 Elections Rank as Biggest Potential Risk to Luxury Housing Markets Worldwide
World Property Journal » Qatar
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4M ago
Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point ..read more
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Global Home Price Growth Further Slows in Mid-2023
World Property Journal » Qatar
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5M ago
Based on Knight Frank's latest Global House Price Index, average annual price growth slowed across a cohort of world cities in Q2 2023, falling to 1.7% from 3.2% in Q1 of 2023 ..read more
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Worldwide Ultra Luxury Home Sales Dip in Q3
World Property Journal » Qatar
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5M ago
According to new research by Knight Frank, global super-prime ($10m+) residential sales fell 2.4% in Q3 2023 on a year-on-year basis, with 362 sales across the 12 markets covered in the three months to September compared to 371 in the same period last year ..read more
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Despite Peak Interest Rates, Global Housing Markets Improved in Q2
World Property Journal » Qatar
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7M ago
Global house price growth ticked up to 3% in Q2 of 2023, up from 2.9% in the previous quarter. About a third of markets saw prices decline during the most recent three months, narrowing from four in ten over the past year ..read more
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Global Cross Border Commercial Property Capital Flows Implode 52 Percent Annually in 2023
World Property Journal » Qatar
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7M ago
According to a new report by CBRE, global cross-regional capital flows totaled $30.5 billion in H1 2023, down by 52% from H1 2022 and the second consecutive half-year period with an approximate 50% decrease in volume ..read more
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Dubai Leads the World for Residential Property Price Growth in 2023
World Property Journal » Qatar
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8M ago
Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date ..read more
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Global Residential Rents Surge 300 Percent Their Prepandemic Growth Rates in 2023
World Property Journal » Qatar
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8M ago
Based on the 10 cities covered by Knight Frank's Prime Global Rental Index, global rental values rise 7.5% in the year to June. While this rate was down from the 8.2% seen in Q1, and lower still than the 12.2% growth reached in the first quarter of 2022 ..read more
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AI and Streaming Drive Global Data Center Growth Despite Power Constraints
World Property Journal » Qatar
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9M ago
According to a new report from CBRE, power supply has had difficulty keeping pace with data center industry growth across the globe, keeping vacancies low and pushing rents up even amid robust construction ..read more
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Globally, Waterfront Properties Enjoy a 118 Percent Price Premium in 2023
World Property Journal » Qatar
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10M ago
Based on Knight Frank's 2023 Global Waterfront Index, waterfront property generated a 118% premium on average around the world, down only marginally from 121% last year, as Sydney retains the top spot ..read more
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