Rental price growth ‘stabilises’ in prime global cities
'Even the luxury sector is subject to affordability constraints', says Knight Frank as it heralds 'an end to the substantial upward repricing' of rental markets in key global cities.
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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.
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Dubai takes the lead for prime residential capital value growth in the latest Savills index.
Prime global house price growth cools to slowest pace in two years
But 'the groundwork for a rebound is building,' says Knight Frank, after checking top-end property price performance across 46 world cities.
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