Spotlight: Monaco – 2024
"While not immune from global events and trends outside its borders, Monaco continues to punch above its weight, maintaining its position as the world’s most expensive prime property market in 2023"
World Cities Prime Residential Index
Tagged Articles
Savills Prime Residential Index: World Cities
Contains 6 articles"Savills Prime Residential Index: World Cities monitors the performance of prime residential property across 30 global cities; tracking capital, rental and yield values. Average growth in 2023 was 2.2% for capital values, while rents grew at 5.1% on average"
Buy. Hold. Sell.
"For international buyers, a property’s purchase price is only part of the cost equation"
Turbulent times
"Inflationary pressures and difficult market conditions in the prime residential markets across the globe lead to a subdued set of growth performance figures in 2023"
Growth forecasts
"Prime residential property has shown resilience against depressed economic outlooks worldwide, but it is not immune from challenges"
Showing resilience
"In the face of economic uncertainty, prime residential pricing proved resilient in 2023, though at lower levels of price growth than seen in the immediate aftermath of the pandemic, with average increases of 2.2% across the index"
Mixed performance
"On average, prime yields moved out slightly in 2023 as rents outperformed capital values, but shifting local supply and demand factors meant there were some outliers"
Savills Prime Residential Index: World Cities – H1 2023
Contains 2 articles"Will rents continue to outperform capital values? Which cities have continued to perform? And what do we expect to see for the remainder of 2023?"
Spotlight: Monaco – 2023
"A record-breaking year for residential property unaffected by global uncertainty"
Savills Prime Residential Index: World Cities
Contains 6 articles"Average rental growth across the 30 cities increased by four times the average capital value growth, at 2.8% and 0.7%, respectively, in H2 2022"
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