International property broker Knight Frank's latest Global House Price Index is reporting that urban house prices worldwide are rising at their fastest rate since 2007 and of the 150 cities they track, 43 are now registering annual price growth above 10%.
According to HousingAnywhere's International Rent Index report for Q2 2021 shows an overall price drop for single rooms, bringing the average rental prices to their lowest point since 2015.
According to international property consultant Knight Frank, despite three national lockdowns, a delayed vaccine program, closed borders and with residential sales halted for several weeks in the second quarter of 2020.
With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million sq. ft. of distribution space just to handle the increase in online ordering in that timeframe.
According to new research by international property consultant JLL, global commercial real estate transaction volumes declined by 13% year-on-year in the first quarter of 2021.
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