By Real Capital Analytics on May 14th, 2020
Commercial property prices pushed higher in the majority of leading global metros in the first quarter of 2020, the latest RCA CPPI Global Cities report shows, with the Covid-19 crisis not yet hitting sale prices. The headline rate of global price growth eased to 2.3% from a year ago and dipped 0.2% from the prior quarter, but most of the weakness came from declines already underway in Asia Pacific.
Annual price growth for North American metros came in at 5.4% and for European metros the annual pace was 5.9%. The price index for Asia Pacific metros dropped 4.7% from a year ago, dragged down by Hong Kong’s slide.
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