Knight Frank has published the Prime Global Cities Index report for the second quarter of 2022.
Prime Global Cities Index tracks changes in prices for premium housing (5% of the market) in 45 cities. Prices are not adjusted to inflation.
Numbers. In the second quarter of 2022, prices for premium housing in 45 cities rose by an average of 7.5% year-on-year. For comparison, in the first quarter, annual growth was 10%. In six cities, there was a decrease in prices – a similar indicator as a quarter year earlier.
Outsiders. Year-on-year price declines were recorded in Manila (-0.1%), Kuala Lumpur (-0.5%), Jakarta (-2%), Guangzhou (-2.1%), Frankfurt (-5.1%) and Wellington (-8.1%).