House Prices Growth Report by Knight Frank
Global Residential Cities Index, Results for Q3 2017:
- The Index increased by 4.7% in the year to September 2017, down from 5.8% last quarter
- London’s residential price rises slow down to 2.9%; this development might help increase the relative affordability of London as a place to live and work.
- Reykjavik tops the rankings, the only city to record annual price growth above 20%
- Toronto has slipped from the top spot to fourth place as the new foreign buyer tax influences market sentiment
- All 30 US and Canadian cities tracked by our Index registered positive price growth over the 12-month period
- Unlike the luxury end of the market, mainstream prices in Europe remain weak accounting for almost half of the cities registering an annual decline
Read the full report: Knight Frank GRCI_Q3 2017
