Tagged Articles
"Which cities have seen price growth in the first six months of the year? Are rents still outperforming capital values? And what do we expect to see for the remainder of 2024?"
"Across the 30 cities covered by the Savills World Cities Index, capital values grew at an average rate of 0.8%, exceeding the 0.6% growth forecast from December 2023. But which cities made the top 5?"
"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"
"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"
"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"
"Prime residential property has shown resilience against depressed economic outlooks worldwide, but it is not immune from challenges"
"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"
"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"
"For international buyers, a property’s purchase price is only part of the cost equation"
"Weaker confidence impacts price growth"
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