Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point.
According to AAA booking data, international trips are on the rise this year. International travel is up more than 200% compared to 2022. Hotel bookings are seeing the biggest jump, up more than 300% over last year.
According to ING, high interest rates and soaring building costs have drastically reduced the demand for new buildings in Europe.
Based on Knight Frank's newly released Global Branded Residences Report 2023, the branded residences property sector has enjoyed sustained growth despite significant recent global economic turmoil.