Pandemic ‘sparks house price surge’ in global markets
Property prices increased in nine out of ten countries in 2020, according to Knight Frank's latest index.
Global cities see house price growth accelerate
81% of international city markets tracked by Knight Frank saw property prices rise in the year to Q4 2020; one in five (20%) registered double-digit price inflation.
More global markets see house prices begin to fall
The percentage of international property markets registering an annual fall in mainstream residential prices jumped from 2% in Q1 2020 to 16% in Q3 2020.
Property prices continue to rise in most prime global cities, but markets are weakening
The average annual rate of property price inflation across the 150 tracked cities moderated from +3.6% in Q1 to +3.4% in Q2.
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Grade II six-storey specimen is one of the largest on Knightsbridge's Montpelier Square.
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