Knight Frank downgrades international prime property price forecasts
"A lot has changed in global property markets since we issued our last global prime residential forecast in December 2021," says Knight Frank. "The recession threat has broadened, inflationary pressures have soared and mortgage rates are on the up."
Most prime global cities are likely to see property prices increase in 2021 – Knight Frank
Prime property markets around the world have proven "largely resilient" in the face of this year's happenings, reports Knight Frank.
Savills forecasts property price growth in most prime global cities
Of the world's major prime cities, Seoul, Berlin and Sydney are set to see the highest rates of luxury property price inflation in 2021, forecasts Savills.
Knight Frank raises property price forecasts as supply stays low
“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill.
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