"The second home market has changed significantly over the past decade. Income returns are at the forefront of owner’s minds, and most buyers now purchase with the intent to rent their properties from the outset."

"Although the pace of rental growth has slowed, the residential market in Tokyo remains resilient, as evidenced by occupancy rates in the 23W reaching record highs. Nonetheless, global economic uncertainty continues to present risks to the market."

"Values in the prime London’s outer commuter zone have risen for the first time in more than two years, despite ongoing price sensitivity."

"Across the Midlands and North of England, the key fundamentals of attainability, quality of life, good schools, transport connections to London and economic growth will drive local markets."

"Supply in Edinburgh has been more consistent in 2019, maintaining prime transactional growth. But prices will have to be set appropriately to attract viewers and progress sales"

"Residential assets in central Tokyo remain in high demand. As long as the economy continues to grow steadily, rents should also continue their gradual rise."

"Tokyo condos continue to see steady increases in capital values, despite declines in contract rates. The polarisation of markets is likely to deepen."

"2018 witnessed a severe-to-date regulation tightening China's residential market. Apart from responding to the strong growth in residential prices—instigated in part by speculative investments and cheaper financing, the government also encouraged residential leasing market. This report observes China’s residential market through developers & financing, regulations, breakout section of service apartment and Savills Executive Unit methodology."