Casablanca Real Estate News
Casablanca
Global Residential Rents Surge 300 Percent Their Prepandemic Growth Rates in 2023
Based on the 10 cities covered by Knight Frank's Prime Global Rental Index, global rental values rise 7.5% in the year to June. While this rate was down from the 8.2% seen in Q1, and lower still than the 12.2% growth reached in the first quarter of 2022.
Globally, Waterfront Properties Enjoy a 118 Percent Price Premium in 2023
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.
Singapore Replaces New York as Strongest Global Residential Rent Growth City in 2022
Global property consultant Knight Frank is reporting this week that Singapore leads the Q4 2022 rankings, pushing New York off the top spot. Singapore's annual rental growth grew from 23% in Q3 to 28% in Q4 2022, with limited stock and strong demand driving prices higher.
Global Residential Rents Continue to Climb Despite Worldwide Economic Uncertainties
According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down from a high of 11.9% in Q1 2022.
