Record low interest rates, huge fiscal stimulus measures as well as a release of pent up demand in Q3 are behind the uptick in price growth, and with travel restrictions during this period buyer demand was largely domestic in nature.Įmerging markets are leading the way with Manila witnessing stellar price growth of 35% year-on-year. Knight Frank's latest Global Residential Cities Index is showing the annual rate of home price growth (worldwide) increased between Q2 and Q3 2020, from 4.1% to 4.7%, and 18 international cities saw prices rise by more than 10% year-on year, up from 16 in Q2 2020.įar from the death of the city this suggests demand has proved resilient during the pandemic with few discounted or distressed sales. ![]() ![]() ![]() Email Sign Up For Our Free Weekly Newsletter
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