Top-End 2025 Global Housing Forecast

Knight Frank’s freshly-published Prime Global Forecast for 2025 foretell “a sober 2025” for top-end housing markets around the world, reports Abode2.

Following declines in 2023 and as interest rates dropped, many wealth hubs saw residential property values return to growth this year. And there’s more growth on the cards for many top-tier locations – although it’s a mixed picture, with some locations set to markedly out-perform others.

Dubai, for example, is likely to see prime property values climb by another 5% next year, driven by a 52% drop in listings and a 65% reduction in properties priced over $10mn. New York, Geneva and Paris are also primed for rising prices (all at +3%).

However, with affordability still tight and inventory levels rising, several key markets are facing a standstill in prices, with one or two – notably on the USA’s West Coast – at risk of a decline.