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.
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.
A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.
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 July 19, 2017
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