Urban house prices around the world are rising at their fastest rate since 2007

"The prime residential sector is likely to remain strong through the rest of the year," says Savills in its latest World Cities Index.

Knight Frank's Global House Price Index tells of a 7.3% average increase across 56 tracked countries in the year to Q1 2021.

Knight Frank's Global House Price index is rising at its fastest rate since Q1 2005. A third of tracked property markets have seen prices escalate by at least 10% in the last year.