Many of the factors which helped drive the prime residential market in the second half of 2020 are expected to continue into 2021
2020 was a year overshadowed by the significant impact Covid-19 has had on so many aspects of people’s lives. Work and lifestyle habits have had to adapt because of the Covid-19 pandemic, disrupting global real estate markets. Prime residential markets have not been immune to this disruption, but have so far proven one of the more resilient real estate sectors.
Average prime price growth remained positive for the cities in the index and we expect this growth to improve in 2021Jelena Cvjetkovic, Director, Global Residential
Savills World Cities Prime Residential Index tracks the performance of 30 global cities. It illustrates what the pandemic has meant for prime residential values and rents in 2020. Average prime price growth remained positive for the cities in the index and we expect this growth to improve in 2021. As positive news of vaccine rollouts begins in many countries, we also look to where we expect the strongest performers to be for the coming year.
Read the articles within Savills Prime Index: World Cities below.