Knight Frank’s overall House Price Index shows that improving economic conditions are starting to have an impact upon global real estate, with property prices around the world rising 8.4 per cent last year compared to 4.6 per cent in 2012.
Indeed, 39 countries recorded positive annual price growth in 2013, a significant improvement upon 2012, when just 27 countries saw property values climb. Even in European countries, such as France and Spain, which are located in the bottom half of Knight Frank’s table, the rate of decline has slowed.
There are some signs of positive growth on the continent, though: UK and Ireland prices have rebounded, while Madrid has joined Dublin as a “key European market in recovery”, says Knight Frank, with prices climbing 5 per cent. Munich has also enjoyed a 10 per cent uplift in values, as investors seek safe havens to park their cash.
Indeed, it is no secret that London, for example, has seen a wave of overseas investment pushing up prices. Monaco and Vienna are also highlighted by the report as European investment hotspots, alongside key Alpine markets such as Chamonix, Verbier and Gstaad, where property prices climbed 8 per cent, 6 per …read more
Source: The Movechannel