Based on new data from Knight Frank, global housing markets continued to see stronger growth in the first quarter of 2024, with annual growth across the 56 markets we cover reaching 3.6%.
A new report from CBRE reveals that ongoing power shortages are creating opportunities for development in emerging global data center markets and driving up rents in established markets worldwide.
According to global property consultant Knight Frank, the first quarter of 2024 witnessed an average annual growth rate of 4.1% across the 44 markets covered by the Knight Frank Prime Global Cities Index, marking the strongest rate of growth since Q3 2022
According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen by 2.7%.