The Asia-Pacific Residential Review is an investor focused report which provides an in-depth look at the performance of the residential markets across the region.
“Despite an overall slowdown in sales activity due to the vulnerable economic state in 2020, we have witnessed a gradual rebound in most of the Asia-Pacific cities tracked in the later half. Moving forward, we hope to see the residential markets stabilise as housing demand and prices bounce back to pre-COVID levels.” Victoria Garrett Head of Residential, Asia Pacific.
Stabilised footing on returning demand.
The Asia-Pacific residential markets continued their stable trend in H2 2020 with 14 of the 24 regional indices tracked by Knight Frank recording either stable or increased year-on-year price growth, and an average annual price increase of 1.9%. The main driver behind this has been the low interest rate environment which has buffered the weakening economic environment stemming from the aftershocks post COVID-19’s peak around the middle of the year here in Asia-Pacific.