2023-05-10-莱坊-Prime_Global_Cities_Index_Q1_2023_2页_110kb

Knight Frank Prime Global Cities Index Q1 2023 Summary

Key Findings

• Global luxury housing prices declined for the first time since 2009, with a 0.4% annual fall in the overall index.
• Dubai recorded the highest growth at 44% annually, driven by post-pandemic structural changes and higher interest rates.
• 65% of the 46 markets experienced price declines, with 28% seeing positive growth in Q1 2023.

City Performance

• Top Cities: Dubai (+44%), Miami (+11%), Zurich (+9.4%), Berlin (+5.7%), Singapore (+5.5%).
• Weakest Cities: Wellington (New Zealand) (-27%), Auckland (New Zealand) (-17%), Christchurch (-15.3%); also Stockholm (-11%) and Vancouver (-9.4%).

Causes and Outlook

• Price slowdown primarily due to global monetary tightening and higher interest rates.
• Prices faced downward pressure, but GFC-level correction (overall PGCI fell 8.2% in 2009) is unlikely; early signs of improvement in some markets.