Global property prices – Europe dominates as Berlin leads the way

Global property prices – Europe dominates as Berlin leads the way


Todays other news
The US has a ballooning deficit and some of Trump’s...
Hamptons says house prices will rise by an average of...
There’s a rare residential investment opportunity right at the heart...
Surge of interest in the wake of the 2024 presidential...
Investors need to plan for a market where rates are...


Property prices in 46 prime global cities grew by 1.4% during Q2 2019, according to Knight Frank.

The consultancy’s Prime Global Cities Index shows that price growth increased from the previous quarter but remains below the four-year average of 3.8%.

Some 35 of the 46 markets tracked recorded price growth in the year to June, equivalent to 76%.

The top performing city for annual growth in the year to June was Berlin with average prices rising by 12%, although this figure dropped from 14.1% in March.

The top three was made up by Frankfurt and Moscow with annual growth of 12% and 9.5% respectively.

Outside Europe, the best performing prime cities on an annual basis were Manila (6.2%), Beijing (4.5%) and Delhi (4.4%).

Of the 11 cities which saw prices decline annually, the weakest markets were Istanbul (-9.9%) and Vancouver (-13.6%).

On a quarterly basis, the top cities for growth were Auckland at 4.1%, Madrid at 3.9% and Monaco at 3.4%.

Auckland’s quarterly success comes despite poor annual growth at -7.5% – the third lowest recorded of all 46 cities monitored.

 

“Sluggish economic growth explains the wave of interest rate cuts evident in the last three months as policymakers try to stimulate growth,” says Knight Frank.

“Much hinges on the next three months with stronger headwinds on the horizon we expect the index to moderate further in the second half of 2019 before strengthening in 2020.”

You can see the full index here.

 

Share this article ...

Join the conversation: Login and have your say

Recommended for you
Related Articles
Protests have taken place in San Sebastian, the Canary Islands,...
Knight Frank has published its latest assessment of 44 cities...
Marbella popularity soars as Covid changes lifestyles...
Cities must think beyond traditional indicators like economic performance and...
The financial success of your buy-to-let depends on the investment...
UK commercial investment volumes and values will start to improve...
Average annual rental growth across a basket of 15 cities...
Recommended for you
Latest Features
The US has a ballooning deficit and some of Trump’s...
Hamptons says house prices will rise by an average of...
There’s a rare residential investment opportunity right at the heart...
Sponsored Content
In the ever-evolving landscape of property investment, staying ahead of...
Property investors, This one's for you. Lendlord's latest Deal Analyser...
The savvy property investor knows the importance of adapting their...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here