Global house prices tick up but ‘further growth hinges on rate cuts’

Knight Frank's index of property values in 55 international housing markets has fallen by 3.6% in real terms since 2022.

'Homeowners are breathing a sigh of relief as interest rates appear poised to decrease in 2024,' says Knight Frank's research chief.

"Price adjustments in many markets are likely to be less pronounced than was expected even three months ago," says Knight Frank.