International property consultant Knight Frank is reporting that urban house prices globally increased by 5.6% on average in 2020, up from 3.2% in 2019.
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.
Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis.
The average annual price appreciation for all 150 cities tracked by the latest Global Residential Cities Index was 4.3 percent
A strong U.S. dollar and a worsening global economic outlook outside of the U.S. slowed South Florida international home sales in 2019.
Posted on May 23, 2017
Posted on February 04, 2015
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