Middle East and Africa Residential Real Estate News
Middle East and Africa Residential
Super Luxury Home Sales Worldwide Down 12 Percent Annually in Q1
According to new data from Knight Frank, there were 426 sales of properties valued at over $10 million in the first three months of 2024 across 11 tracked markets. This is an increase from the 365 sales in the previous quarter but represents a 11.6% annual decrease compared to the 482 sales in Q1 2023.
Manila is World's Top Housing Market for Price Appreciation in Early 2024
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
Super Luxury Home Sales Spike 11 Percent Worldwide in Q4
Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022.
Global Cities Residential Price Growth Recovers as Interest Rate Cuts Begin
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%.
