Prime World Cities

"For international buyers, a property’s purchase price is only part of the cost equation"

"Weaker confidence impacts price growth"

"Scarcity of prime rental stock fuels rent growth"

"Following two years of staggering growth, the prime residential markets are set to slow in 2023. Of the 30 major global cities in the index, 17 will record slower capital value growth than in 2022. However, 13 cities are forecast equal or even slightly enhanced growth in 2023, and rental markets will remain a bright spot"

"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"

"Rents outpaced capital values last year, increasing by an average of 5.9% in 2022, and bringing total growth to 10% in the last two years"

"After a strong 2021, growth continues into 2022"

"Rents outpace capital value growth"