"Inflationary pressures and difficult market conditions in the prime residential markets across the globe lead to a subdued set of growth performance figures in 2023"

"In the face of economic uncertainty, prime residential pricing proved resilient in 2023, though at lower levels of price growth than seen in the immediate aftermath of the pandemic, with average increases of 2.2% across the index"

"Rents outpaced capital values in 2023, with 28 of the 30 cities tracked in the World Cities index experiencing positive rental growth. Rents increased by an average of 5.1% compared to the average capital value growth of 2.2% for 2023"

"For international buyers, a property’s purchase price is only part of the cost equation"

"While cities are still in vogue, global capital value growth slowed during the second half of 2022. The prime rental markets, however, told a different, more positive story"

"Positive capital value growth continued throughout 2022, with average increases of 3.2% across the 30 cities in the index. However, rising interest rates and negative sentiment took a hold in the second half of the year"

"In an environment of rising interest rates, the costs associated with buying, holding and selling a prime residential property are an important consideration"