Prime prices in global cities continue to rise. The index, based on the average price performance of 45 cities, surged by 9.5% in the year to September 2021, up from 8.3% in June.
With travel starting to normalise, the prospect of tighter monetary policy on the horizon, as well as higher taxes and cooling measures, evidence suggests prime markets had a busy third quarter. Some 84% of cities saw prices rise on an annual basis, up from 76% last quarter and 16 cities (33%) saw prices increase by more than 10% during the 12-month period.
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