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When looking at the most desirable markets during and immediately after the pandemic, such as resort and countryside locations
The past year has seen global property markets benefit significantly from the race for space and many government incentives designed to boost home sales. This activity has increased property values worldwide.
Of the agents surveyed, 66% reported that property values in their markets had increased by more than 2% with nearly 50% reporting values in their markets increasing by more than 5% in the last year.
Agents in city markets report much more varied results, with local teams describing property value increases and falls.
Markets anticipating price growth also report being moderately to severely undersupplied.
What are the key drivers influencing property values in your market?
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Source: Savills Research
Source: Savills Research
Asked if increasing numbers of buyers in their markets were putting plans on hold, the consensus was ‘yes’ for the time being. Though the stated underlying reasons varied from worries about interest rates and mortgages to inflation to political uncertainty, many buyers are examining their plans with caution.
Why are buyers putting plans on hold?
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Source: Savills Research
As global uncertainty continues, it is likely that there could be some slowing in the global property markets.
Source: Savills Research