Prime residential real estate continued its significant growth in the second half of 2021, as professionals, students and jet-setters returned to cities, a trend expected to continue in 2022
2021 was a year of returns. Workers returned to offices in some countries, international students returned to their desks, and cities returned to being hotspots for living, work, and play. As restrictions lifted in some markets, prime residential real estate maintained its resilience and continued its trend of growth in the face of uncertainty.
Average prime price growth remained positive for the cities in the Index and we expect this trend to continue in 2022
Jelena Cvjetkovic, Director, Global Residential
Savills Prime Residential Index: World Cities tracks the performance of 30 global cities. It illustrates what the lifting of some pandemic-related restrictions has meant for prime residential values and rents in 2021. Average prime price growth remained positive for the cities in the Index and we expect this trend to continue in 2022. Rents also had their strongest growth since 2014. As the global situation continues to improve, we also look to where we expect the strongest performers to be for the coming year.
Read the articles within Savills Prime Residential Index: World Cities below.