Prime global house price growth cools to slowest pace in two years

Knight Frank's latest Prime Global Cities Index came in at +2.6% in Q2 - down from +4.1% in Q1, and under half the five-year average annual growth rate.

60% of the 30 cities analysed in the Savills Prime Residential World Cities index saw positive capital growth through the first half of 2024, "reflecting a level of relative confidence in the asset class.

'Rate cutting is supporting rising house prices globally,' says Knight Frank, as three-quarters of international property markets saw average property values increase in Q2.