Munich Real Estate News
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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%.
Despite Peak Interest Rates, Global Housing Markets Improved in Q2
Global house price growth ticked up to 3% in Q2 of 2023, up from 2.9% in the previous quarter. About a third of markets saw prices decline during the most recent three months, narrowing from four in ten over the past year.
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.
Dubai Leads the World for Residential Property Price Growth in 2023
Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date.
Munich Property News
European Hotel Transactions Decline 18 Percent in 2022 as Interest Rates Surge
Posted on May 01, 2023
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