Inflation Is Stifling Home Prices Around the World
An index of global home prices recorded the slowest year-over-year growth since 2015 as central banks raise interest rates
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An index of global home prices recorded the slowest year-over-year growth since 2015 as central banks raise interest rates
Downturn expected to be longest in the West as interest rate rise hammers mortgage market
According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
Prime rents rose 1.9% in the first quarter after a pandemic slowdown.
Of the 10 markets Knight Frank analyzed, the city-state led the pack with an annual increase of 31.5%