Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date.
According to a new report from CBRE, power supply has had difficulty keeping pace with data center industry growth across the globe, keeping vacancies low and pushing rents up even amid robust construction.
Based on Knight Frank's 2023 Global Waterfront Index, waterfront property generated a 118% premium on average around the world, down only marginally from 121% last year, as Sydney retains the top spot.
Based on Knight Frank's newly released Global Branded Residences Report 2023, the branded residences property sector has enjoyed sustained growth despite significant recent global economic turmoil.
According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
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