From New York to London and Dubai to Sydney, prime global property markets are surprisingly resilient. The rich continue to invest in property, buying up homes across the globe, despite (or maybe because of) the backdrop of international conflicts, volatile interest rates and a faltering global economy.
The double-digit highs of post-pandemic years might be gone but predictions are for positive price growth in 2024. On average global property prices are predicted to rise by 2.4 per cent in 2024, according to the estate agency Knight Frank. Meanwhile in prime central London, which includes neighbourhoods such as Mayfair and Belgravia, Savills says price falls slowed significantly at the end of 2023, making the area’s overall performance the strongest of all UK prime residential markets. Even
