Savills Prime Residential Index: World cities – Capital Values
Across the 30 cities covered by the Savills World Cities Index, capital values grew at an average rate of 0.8%, exceeding the 0.6% growth forecast from December 2023. But which cities made the top 5?
In the most recent World Economic Outlook, the IMF headlined their global economic forecast with the phrase ‘resilience amid divergence’ as global GDP continues to defy expectations. The resilience in the global economy is also playing out in the prime residential markets – capital value growth across the 30 markets remained positive in the first half of 2024, growing by an average of 0.8% and reflecting a level of relative confidence in the asset class.
This growth is a surprise to the upside as it has exceeded the forecast from December 2023 which predicted growth of 0.6% for all of 2024. However, wider levels of caution remain among buyers as they await clarity on interest rates. Across the 30 index locations, 60% of the cities tracked reported positive capital value growth.
French Riviera Prime residential research 2024
Savills Prime Residential Index
