{"id":6597,"date":"2023-04-27T09:23:21","date_gmt":"2023-04-27T09:23:21","guid":{"rendered":"https:\/\/dustsand.com\/?p=6597"},"modified":"2023-04-27T09:24:09","modified_gmt":"2023-04-27T09:24:09","slug":"prime-rentals-surge-worldwide-top-cities-for-growth","status":"publish","type":"post","link":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/","title":{"rendered":"Prime Rentals Surge Worldwide: Top Cities for Growth"},"content":{"rendered":"<p style=\"text-align: left;\"><span style=\"color: #003366;\"><strong>The prime rental market records astonishing growth globally<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Savills&#8217; &#8220;Prime Residential&#8221; index reveals a 5.9% increase in the average &#8216;prime&#8217; rental price in the world&#8217;s major cities during 2022, almost doubling the growth of luxury home sale prices, which stood at 3.2%. This rise in prime rents was mainly driven by a shortage of supply and high demand in this segment, resulting from the return to cities after the <span style=\"color: #003366;\">restrictions<\/span> of the pandemic and the increase in interest rates in the second half of 2022.<\/p>\n<p style=\"text-align: center;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-6590 size-full\" src=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/Viviendas-de-lujo-Lazuli-Homes.jpg\" alt=\"\" width=\"1280\" height=\"583\" srcset=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/Viviendas-de-lujo-Lazuli-Homes.jpg 1280w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/Viviendas-de-lujo-Lazuli-Homes-300x137.jpg 300w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/Viviendas-de-lujo-Lazuli-Homes-1024x466.jpg 1024w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/Viviendas-de-lujo-Lazuli-Homes-768x350.jpg 768w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/Viviendas-de-lujo-Lazuli-Homes-496x226.jpg 496w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p style=\"text-align: left;\">Among the cities with double-digit prime rental growth, we find Singapore, Lisbon, Dubai, New York, and London. However, in these places, the increase in sale prices was considerably lower. Singapore led the ranking with a 26.2% increase in prime rents, compared to a 6.8% increase in the sale price of luxury homes.<\/p>\n<p style=\"text-align: left;\">Lisbon, with a 25.4% increase in prime rentals, ranks above the rest of the European cities, as well as in the increase in the sale price of luxury homes, which grew by 5.6%. London (11.6%) and Milan (8.1%) follow in terms of prime rental growth in Europe, while Milan (5.7%) slightly surpasses Lisbon in average luxury home prices.<\/p>\n<p style=\"text-align: left;\">Dubai (22.9%), New York (11.1%), and Sydney (10.9%) also recorded significant increases in prime rents, highlighting the heterogeneity of growth in this sector worldwide. On the other hand, Madrid and Barcelona experienced more modest increases, with increments of 4.6% and 2.9% respectively in prime residential rents in 2022, below the global average increase.<\/p>\n<p style=\"text-align: left;\">As for the sale price of prime homes, Miami and Dubai topped the list with double-digit increases, 25.4% and 12.5% respectively. Savills expects a slowdown in price growth in Miami for 2023, ranging between 4% and 5.9%.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-6606 size-full\" src=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/sydney-lazuli-homes_Fotor.png\" alt=\"\" width=\"1200\" height=\"599\" srcset=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/sydney-lazuli-homes_Fotor.png 1200w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/sydney-lazuli-homes_Fotor-300x150.png 300w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/sydney-lazuli-homes_Fotor-1024x511.png 1024w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/sydney-lazuli-homes_Fotor-768x383.png 768w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/sydney-lazuli-homes_Fotor-496x248.png 496w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: left;\">Globally, the international consultancy anticipates a deceleration in the increase in luxury home sale prices, estimating a growth close to 0.5% in 2023. However, the solid structure of the prime residential market and the lack of supply will keep prices slightly on the rise. Some cities such as Hong Kong, San Francisco, Sydney, and Shenzhen have already recorded declines in luxury home sale prices during 2022, with drops of 8.5%, 5.2%, 3.7%, and 1.6% respectively.<\/p>\n<p style=\"text-align: left;\">In summary, the prime rental market experienced significant growth in 2022, especially in cities such as Singapore, Lisbon, Dubai, New York, and London. Although forecasts for 2023 point to a slowdown in the increase of luxury home sale prices globally, the solid structure of the prime residential market and the scarcity of supply are expected to continue driving an increase in rental prices in major cities worldwide.<\/p>\n<p>&nbsp;<\/p>\n<p>Font: Idealista News<\/p>\n<p style=\"text-align: left;\"><img decoding=\"async\" class=\"size-medium wp-image-6280 aligncenter\" src=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/logo-1-300x65.png\" alt=\"\" width=\"300\" height=\"65\" srcset=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/logo-1-300x65.png 300w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/logo-1-768x166.png 768w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/logo-1-496x107.png 496w, https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/logo-1.png 811w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The prime rental market records astonishing growth globally Savills&#8217; &#8220;Prime Residential&#8221; index reveals a 5.9% increase in the average &#8216;prime&#8217; rental price in the world&#8217;s major cities during 2022, almost doubling the growth of luxury home sale prices, which stood at 3.2%. This rise in prime rents was mainly driven by a shortage of supply [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":6599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[],"class_list":["post-6597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-information"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prime Rentals on the Rise: Leading Cities in Luxury Real Estate<\/title>\n<meta name=\"description\" content=\"Discover the top cities experiencing growth in prime rentals and luxury property sales worldwide in 2022, and the outlook for the prime real estate market in 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime Rentals on the Rise: Leading Cities in Luxury Real Estate\" \/>\n<meta property=\"og:description\" content=\"Discover the top cities experiencing growth in prime rentals and luxury property sales worldwide in 2022, and the outlook for the prime real estate market in 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Dust &amp; Sand Luxury Home Sitges\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T09:23:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T09:24:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/casas-de-lujo-lazuli-homes.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"990\" \/>\n\t<meta property=\"og:image:height\" content=\"556\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adaia Matas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adaia Matas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/\"},\"author\":{\"name\":\"Adaia Matas\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/#\\\/schema\\\/person\\\/3fd1c36279d3c5fce54c13a35b5de035\"},\"headline\":\"Prime Rentals Surge Worldwide: Top Cities for Growth\",\"datePublished\":\"2023-04-27T09:23:21+00:00\",\"dateModified\":\"2023-04-27T09:24:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/\"},\"wordCount\":410,\"image\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dustsand.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/casas-de-lujo-lazuli-homes.jpeg\",\"articleSection\":[\"Real estate information\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/\",\"url\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/\",\"name\":\"Prime Rentals on the Rise: Leading Cities in Luxury Real Estate\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dustsand.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/casas-de-lujo-lazuli-homes.jpeg\",\"datePublished\":\"2023-04-27T09:23:21+00:00\",\"dateModified\":\"2023-04-27T09:24:09+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/#\\\/schema\\\/person\\\/3fd1c36279d3c5fce54c13a35b5de035\"},\"description\":\"Discover the top cities experiencing growth in prime rentals and luxury property sales worldwide in 2022, and the outlook for the prime real estate market in 2023.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#primaryimage\",\"url\":\"https:\\\/\\\/dustsand.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/casas-de-lujo-lazuli-homes.jpeg\",\"contentUrl\":\"https:\\\/\\\/dustsand.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/casas-de-lujo-lazuli-homes.jpeg\",\"width\":990,\"height\":556},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/en\\\/prime-rentals-surge-worldwide-top-cities-for-growth\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/dustsand.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prime Rentals Surge Worldwide: Top Cities for Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/#website\",\"url\":\"https:\\\/\\\/dustsand.com\\\/\",\"name\":\"Dust &amp; Sand Luxury Home Sitges\",\"description\":\"Compra venta de casas lujosas en Sitges\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/dustsand.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/dustsand.com\\\/#\\\/schema\\\/person\\\/3fd1c36279d3c5fce54c13a35b5de035\",\"name\":\"Adaia Matas\",\"sameAs\":[\"https:\\\/\\\/dustsand.com\"],\"url\":\"https:\\\/\\\/dustsand.com\\\/en\\\/author\\\/4d414_m4t4s23\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Prime Rentals on the Rise: Leading Cities in Luxury Real Estate","description":"Discover the top cities experiencing growth in prime rentals and luxury property sales worldwide in 2022, and the outlook for the prime real estate market in 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/","og_locale":"en_US","og_type":"article","og_title":"Prime Rentals on the Rise: Leading Cities in Luxury Real Estate","og_description":"Discover the top cities experiencing growth in prime rentals and luxury property sales worldwide in 2022, and the outlook for the prime real estate market in 2023.","og_url":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/","og_site_name":"Dust &amp; Sand Luxury Home Sitges","article_published_time":"2023-04-27T09:23:21+00:00","article_modified_time":"2023-04-27T09:24:09+00:00","og_image":[{"width":990,"height":556,"url":"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/casas-de-lujo-lazuli-homes.jpeg","type":"image\/jpeg"}],"author":"Adaia Matas","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adaia Matas","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#article","isPartOf":{"@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/"},"author":{"name":"Adaia Matas","@id":"https:\/\/dustsand.com\/#\/schema\/person\/3fd1c36279d3c5fce54c13a35b5de035"},"headline":"Prime Rentals Surge Worldwide: Top Cities for Growth","datePublished":"2023-04-27T09:23:21+00:00","dateModified":"2023-04-27T09:24:09+00:00","mainEntityOfPage":{"@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/"},"wordCount":410,"image":{"@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/casas-de-lujo-lazuli-homes.jpeg","articleSection":["Real estate information"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/","url":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/","name":"Prime Rentals on the Rise: Leading Cities in Luxury Real Estate","isPartOf":{"@id":"https:\/\/dustsand.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#primaryimage"},"image":{"@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/casas-de-lujo-lazuli-homes.jpeg","datePublished":"2023-04-27T09:23:21+00:00","dateModified":"2023-04-27T09:24:09+00:00","author":{"@id":"https:\/\/dustsand.com\/#\/schema\/person\/3fd1c36279d3c5fce54c13a35b5de035"},"description":"Discover the top cities experiencing growth in prime rentals and luxury property sales worldwide in 2022, and the outlook for the prime real estate market in 2023.","breadcrumb":{"@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#primaryimage","url":"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/casas-de-lujo-lazuli-homes.jpeg","contentUrl":"https:\/\/dustsand.com\/wp-content\/uploads\/2023\/04\/casas-de-lujo-lazuli-homes.jpeg","width":990,"height":556},{"@type":"BreadcrumbList","@id":"https:\/\/dustsand.com\/en\/prime-rentals-surge-worldwide-top-cities-for-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/dustsand.com\/"},{"@type":"ListItem","position":2,"name":"Prime Rentals Surge Worldwide: Top Cities for Growth"}]},{"@type":"WebSite","@id":"https:\/\/dustsand.com\/#website","url":"https:\/\/dustsand.com\/","name":"Dust &amp; Sand Luxury Home Sitges","description":"Compra venta de casas lujosas en Sitges","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dustsand.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/dustsand.com\/#\/schema\/person\/3fd1c36279d3c5fce54c13a35b5de035","name":"Adaia Matas","sameAs":["https:\/\/dustsand.com"],"url":"https:\/\/dustsand.com\/en\/author\/4d414_m4t4s23\/"}]}},"_links":{"self":[{"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/posts\/6597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/comments?post=6597"}],"version-history":[{"count":0,"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/posts\/6597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/media\/6599"}],"wp:attachment":[{"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/media?parent=6597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/categories?post=6597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dustsand.com\/en\/wp-json\/wp\/v2\/tags?post=6597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}