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
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"
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"
Rents set the pace
"Rents outpaced capital values in 2023, with 28 of the 30 cities tracked in the World Cities index experiencing positive rental growth. Rents increased by an average of 5.1% compared to the average capital value growth of 2.2% for 2023"
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 – Capital Values
"Weaker confidence impacts price growth"
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?"
Savills Prime Residential Index: World Cities – Rents and Yields
"Scarcity of prime rental stock fuels rent growth"
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