Global residential rents tick higher but affordability begins to bite

Singapore and London have seen the biggest prime rental price increases over the last year, according to Knight Frank's latest city index.

'We expect rents to continue to outperform capital values for the remainder of 2023 and in the medium-term,' says the head of Savills World Research.

Prime rental values increased by an average of 5.9% across the 30 cities tracked in the Savills Prime Residential World Cities Index in 2022, while capital values increased by an average of 3.