According to global property consultant Knight Frank, rents in global luxury residential markets are continuing to see strong growth. The Knight Frank Prime Global Rental Index rose by 8.5% in the 12 months to March 2023 this year - with rents in a majority of markets hitting new records.
Based on a new survey by CBRE, capitalization rates in Asia Pacific are likely to continue to rise for the rest of 2023, but investment activity is expected to increase in the second half of the year as cap rate adjustments help close the price gap between buyers and sellers.
Based on ATTOM S recently released Q1 2023 U.S. Foreclosure Market Report, there were a total of 95,712 U.S. properties with foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago.
Based on new data from Las Vegas Realtors, the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during March 2023 was $425,000. That s almost identical to the previous month and down 7.6% from $460,000 in March of 2022. It s also down from the all-time record price of $482,000 in May of 2022.
According to Irish property portal Daft.ie, Ireland housing prices fell by 0.3% in the first three months of 2023, the first time in a decade that there was a first-quarter fall in listed prices. The average listed price nationwide in the first quarter of 2023 was €308,497, 2.7% above the same period in 2022 and 17% below the Celtic Tiger peak.