INTERNATIONAL: Corporate global mobility increases, says Knight Frank
Wed, 28 Jun 2012
In 1998 the average number of internationally mobile employees in a large organisation was 200, and this is predicted to have grown to 375 by 2020.
This is according to estate agency Knights Frank’s ‘Global Corporate Lettings Review 2012’.
Key findings from the report include:
- Hong Kong and Singapore have seen an upturn in expatriate demand due to new industry sectors and emerging markets in the last two years.
- It also notes that since their 2009 lows, prime rents in London, Hong Kong and New York have seen growth of 26%, 16% and 38% respectively.
- Shanghai has seen a 54% increase in its expat community since 2005.
- Rules in Mumbai preventing foreign home ownership have created a thriving prime rental market.
- Nairobi was the strongest performer on an annual basis (up 14%) and Moscow the strongest on a quarterly basis (up 6%) in the company’s Index.
- The index as a whole rose by 1.7% in the 12 months to March 2012.