Insights & Speculations on the Global Housing Market with Liam Bailey

Liam Bailey is the global head of research at Knight Frank, based in London. Liam runs a team providing insight on the world's key property markets.

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Key Highlights:

[00:01 - 15:41] Housing Market Still Supported Despite Pandemic

• Why homeowners should be positive about the longer-term outcome of the market
• Households have built up a lot of money, which can be used in the housing market
• The US housing market has been more affordable since the global financial crisis

[15:42 - 23:14] The Future of Work: Uncertain, but Cities Will Remain a Vital Hub

• The future of cities is positive, with their role as incubators of growth and innovation
• There is a real commitment from people to having fun after the pandemic
• The future of the work/city relationships is a challenge for employers

[23:15 - 47:36] Luxury Home Markets Recovering Despite Lockdowns

• The luxury home market on pandemic-related flight restrictions and lockdowns
• Cross-border investment is still strong - changes in Southeast Asian markets
• The global macro investment market sees real value in sustainable development

[47:37 - 48:53] Closing Segment

Visit https://www.knightfrank.com/research for more insights!

Key Quotes:

“The pandemic has certainly made people rethink, you know, their jobs, employment, what they're prioritizing, and property. Their home is a really big central part of that with that… And it led to, you know, all these record levels of transactions in many markets, Europe, North America, even parts of Asia.” - Liam Bailey

“If you are a homeowner, and you're concerned about the value of your home, I think there are reasons why you should be positive about the longer-term outcome because there are a number of things still in the market that are supporting prices, the levels they've reached. So, for example, supply is not an issue right now.” - Liam Bailey

Connect with Liam:

Linkedin: https://www.linkedin.com/in/liam-bailey-1264b720/?originalSubdomain=uk  

Website: https://www.knightfrank.com/research

Connect with me on LinkedIn!

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