Savills Prime Residential Index: World Cities – H1 2024
Which cities have seen price growth in the first six months of the year? Are rents still outperforming capital values? And what do we expect to see for the remainder of 2024?
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Which cities have seen price growth in the first six months of the year? Are rents still outperforming capital values? And what do we expect to see for the remainder of 2024?
Read nowWaiting for the market revival
Read nowQ2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Spotlight: European Office Outlook – Q2 2024
Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Inflationary pressures and changing consumer behaviour has impacted the sector to varying extents across Europe, but robust investor appetite continues to be driven by the strong underlying fundamentals of the grocery market
European Grocery Market Insight
Inflationary pressures and changing consumer behaviour has impacted the sector to varying extents across Europe, but robust investor appetite continues to be driven by the strong underlying fundamentals of the grocery market
Prime residential rents grew by 2.2% across the 30 cities in the Savills World Cities Index in the first half of the year. Which cities saw the strongest rental growth?
Savills Prime Residential Index: World Cities – Rents and Yields
Prime residential rents grew by 2.2% across the 30 cities in the Savills World Cities Index in the first half of the year. Which cities saw the strongest rental growth?
"Mass market sees price and volume drop towards end of Q2 as initial excitement due to cooling measures’ withdrawal gradually faded."
"Our latest report features updates from India’s data centre market in H1 2024."
"Wuhan welcomed the opening of Wuchang MixC and Min Zhong Le Yuan in Q2/2024, which brought new retail landmarks and trendy commercial vitality. The city’s high-end retail landscape will continue to benefit from highquality supply such as Wuhan SKP to stimulate consumption needs."
"It is worth noting that this covers the 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles."
"Which cities have seen price growth in the first six months of the year? Are rents still outperforming capital values? And what do we expect to see for the remainder of 2024?"
"As recently as three decades ago, Japan was extremely successful, but its recent performance has become rather subdued. The declining population, and the abruptly weakened currency in recent years have raised some concerns regarding the prospects of the economy and real estate market. Nevertheless, looking ahead at the next ten years, Japan looks poised to normalise itself, and the economy and real estate market are likely to fare well in turn."
"In Q2/2024, Beijing’s retail market remains robust. Three new projects were launched in the quarter and enriched consumers’ shopping options. Major shopping malls continued to adjust and upgrade their brand portfolios, while the Beijing government introduced multiple policies to stimulate consumption and enhance market vitality. Overall, 2024 saw steady growth in Beijing’s retail market, supported by economic recovery and the upgrades in new and existing retail projects."
"Accelerated promotion for digital industry development should boost office leasing demand in the sector, especially Jiangbei District, where such enterprises gather and policy support is in place."
"Chengdu retail market’s new projects have become more diverse, adding much freshness to the market. Apart from the opening of new shopping malls and relaunch of renovated projects, non-traditional retail projects have kept on innovating retail space and contents, exploring possibilities for Chengdu retail development."
"As Chongqing’s main urban area continues to see limited new supply, the renovation of existing projects and community commerce may provide consumers with enriched shopping experience."
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