Global Markets

"While Seoul bucked the trend, other locations have witnessed falls in prime rental values in the first half of 2020"

"Just nine out of the 28 cities in our index saw positive prime capital value movements over the first six months of 2020"

"Investment activity across the big luxury houses has intensified over the last three years. Across the top 10, funding volumes (based on known values) reached $8.3bn, 10 times that seen in 2016"

"Much of the growth in luxury spend in 2018 was driven by millennials and their younger counterparts Gen Z"

"Of the 26 global luxury locations tracked by Savills over a third reported year-on-year growth in 2018 with 50% maintaining headline rents."

"Luxury spending globally increased 6% in 2018 according to Bain & Company, with Europe accounting for a third of sales, with forecasts pointing to further growth of between 3–5% per annum to 2025"

"The retrenchment to core destination cities seen last year will continue in 2019"

"While new openings declined last year this was largely at the expense of smaller independent brands as the top three luxury houses, LVMH, Kering, Richemont all increased new store openings globally in 2018"