
Savills Prime Residential Index: World Cities – H1 2023
Contains 2 articles"Will rents continue to outperform capital values? Which cities have continued to perform? And what do we expect to see for the remainder of 2023?"
Tagged Articles

"Will rents continue to outperform capital values? Which cities have continued to perform? And what do we expect to see for the remainder of 2023?"

"Scarcity of prime rental stock fuels rent growth"

"Recent further increases in the cost of mortgage finance are likely to put further pressure on prices in the more mortgage dependent parts of prime London"

"A higher proportion of cash buyers means Surrey’s private estates are more robust to economic headwinds impacting the wider housing markets"

"Prices stabilise across prime regional markets following mini-budget dip, but realistic pricing will be critical over the coming months"

"Price growth stabilises across prime London following a dip at the end of 2022. But realistic pricing will be crucial to maintain momentum and activity this year"

"Positive capital value growth continued throughout 2022, with average increases of 3.2% across the 30 cities in the index. However, rising interest rates and negative sentiment took a hold in the second half of the year"

"Average rental growth across the 30 cities increased by four times the average capital value growth, at 2.8% and 0.7%, respectively, in H2 2022"

"While cities are still in vogue, global capital value growth slowed during the second half of 2022. The prime rental markets, however, told a different, more positive story"

"In an environment of rising interest rates, the costs associated with buying, holding and selling a prime residential property are an important consideration"