According to Knight Frank's prime residential price forecast in 2021, with luxury prices in the city expected to rise 10% over the year, Sydney is leading the way.
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 Knight Frank's latest research, the number of UK property transactions in June 2021 is on track to be the highest on record. Although more whole-market data will come in over time, Knight Frank carried out the highest number of UK transactions on record last month.
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.
Over the course of a normal year, activity in the UK housing market can generally be split into the two periods of spring and autumn. This year, it will divide neatly into four calendar quarters.
Posted on February 04, 2021