
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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"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"
"While cities are still in vogue, global capital value growth slowed during the second half of 2022. The prime rental markets, however, told a different, more positive story"
"Positive capital value growth continued throughout 2022, with average increases of 3.2% across the 30 cities in the index. However, rising interest rates and negative sentiment took a hold in the second half of the year"
"In an environment of rising interest rates, the costs associated with buying, holding and selling a prime residential property are an important consideration"
"Central London’s performance has been relatively robust during 2022, both in terms of pricing and transactions. But during 2023, the UK is expected to teeter on the edge of a recession"
"Looking further ahead, the prime Scotland market will remain robust as the value gap and quality of life, alongside the strength and depth of Edinburgh and Glasgow’s economy, means there’s more capacity for growth, and we expect the markets here to outperform the overall prime UK market over the next five years"
"Markets further from London, where mortgage affordability is least stretched, have been most robust, with properties in the Midlands and North, Scotland, and the South of England beyond the commuter zone seeing the smallest price adjustments"
"With the expected forecast to put downward pressure on house prices and activity levels over the next 12 months, homeowners are naturally asking how this will affect their next move. "
"Central London’s recovery interrupted as global economic growth slows."
"For the prime residential markets around the world, soaring demand for urban living against constrained supply has caused capital values to continue rising and rental values to excel"