According to Knight Frank's latest Global House Price Index for Q3, 2024, property prices are steadily rising across most Latin American nations in 2024, with Colombia and Mexico showing significant growth over the past year.
Based on new data from Knight Frank, global housing markets continued to see stronger growth in the first quarter of 2024, with annual growth across the 56 markets we cover reaching 3.6%.
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%.
Based on Knight Frank's 2023 Global Waterfront Index, waterfront property generated a 118% premium on average around the world, down only marginally from 121% last year, as Sydney retains the top spot.