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Pricing Growth Accelerates Globally in Q3: RCA
Global commercial real estate price growth accelerated in the third quarter of 2021, with Asia Pacific leading gains, the latest RCA CPPI Global Cities report shows.
The RCA CPPI Global Cities Composite Index climbed 7.3% year-over-year in Q3, up from the 6.1% Y-O-Y pace seen Iin Q2 and the 2.5% rate seen in Q3 2020 amid the pandemic’s challenges.
The headline composite index for Asia Pacific rose 11.6% Y-O-Y, reflecting in part the dip in the region’s prices in the year-ago period. Seoul led price growth, slightly ahead of Melbourne.
In the Americas, the composite index for the region rose 7.4% Y-O-Y. The Los Angeles metro area saw the fastest growth among the seven North American metros tracked.
The composite index for European cities gained 3.5% from a year prior, a small uptick from the price increases seen in Q2.
- ◦Sale/Acquisition
