Knight Frank’s Prime Global Rental Index fell by 1.1% in 2015 with equity market volatility and economic fragility in emerging markets driving rents lower.
Tagged – ‘prime rents’
Knight Frank’s Prime Global Rental Index, which tracks the change in luxury residential rents across 17 cities around the world, fell by 0.9% in the year to September 2015.
A year ago prime rents worldwide were rising on average by 3.5% per annum but this figure has now slipped to 1.3%.
Although our Prime Global Rental Index increased by 2.1% in the year to September 2014, its rate of annual growth has slowed considerably.
Although our Prime Global Rental Index saw weaker growth in the second quarter of 2014, a number of the world’s key financial centres rose up the annual rankings.
Prime residential rental growth in emerging markets such as Nairobi and Dubai continues to outpace that of the traditional financial centres of London and Hong Kong.
Knight Frank’s Prime Global Rental Index, which measures the performance of prime residential rents across 17 cities worldwide, rose by 4.8% in 2013.
Prime rents around the world rose by 6.4% in the year to September, the index’s strongest annual performance since Q2 2008.
Prime residential rents rose by 2.3% on average around the world in the second quarter of 2013.
Prime rents in key cities worldwide rose by 0.2% in the first quarter of 2013, according to Knight Frank’s latest Prime Global Rental Index.