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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%.

European Construction Slows as Demand Plummets in 2023

According to ING, high interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe.

Luxury Branded Residences Enjoy Global Growth Despite Economic Uncertainties

Based on Knight Frank's newly released Global Branded Residences Report 2023, the branded residences property sector has enjoyed sustained growth despite significant recent global economic turmoil.

European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge

According to HVS' latest annual European Hotel Transaction Report, hotel transactions for 2022 totaled €13.3bn ($14.4bn USD), an 18% fall on the previous year as the impact of the Russian invasion of Ukraine, rising energy and food costs and high interest rates hit investor confidence.

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