News

Global Buyer Survey 2021 – the big results are in!

The Global Buyer Survey gives a sense of direction even though the pandemic has upended how we live and what we want from a home with many prioritising a better work/life balance.

The Global Buyer Survey
The Global Buyer Survey

Understanding how buyers’ attitudes are changing, the extent to which these shifts are permanent, and how they differ globally is important for homeowners, developers, investors, and lenders.

 Said Shishir BaijalChairman & Managing Director, Knight Frank India, “For this reason, I am delighted to share with you the results of Knight Frank’s 2021 Global Buyer Survey, setting out the key trends set to influence global property markets in 2021 and beyond.”

Continued Shishir Baijal, “The survey is expanded to understand the changing dynamics of mainstream consumers in the Indian markets. Our India Buyer Survey captures trends that will potentially stimulate Indian consumers to make their purchases.”

Key findings include:

GLOBAL BUYERS SURVEY 2021

 PENT-UP DEMAND: Since the start of the pandemic, 19% of respondents have moved house. Of those yet to move, 20% say they are more likely to move in the next 12 months.
SECOND HOMES: Amongst second home purchasers, 22% say their purchase plans have been delayed by the pandemic.
PRICE EXPECTATIONS: Some 64% of respondents expect the price of their primary residence to increase in the next year.
SUSTAINABLE LIVING: The option of a cheaper ‘green’ mortgage would persuade 22% of buyers to improve the energy efficiency of their homes.

The Global Buyer Survey
The Global Buyer Survey

 INDIA BUYERS SURVEY 2021

 PENT-UP DEMAND: Since the start of the pandemic, 26% of Indian mainstream respondents have moved house in their quest to have more open spaces and be nearer to family and friends. Of those yet to move, 32% say they are more likely to move in the next 12 months.
SECOND HOMES: 2 in 5 respondents are more likely to buy a second home across income segments.
PRICE EXPECTATIONS: 61% of respondents in the Mainstream Indian Segment and 32% in the Global Indian Segment expect prices for primary residences to rise in the next 12 months.
LOCATION FEATURES: Good air quality, access to green spaces, and medical infrastructure is more important after the pandemic.

Read More: News

Related posts

Summer break sees searches for hotels and resorts jump by 83%

Indians are venturing out for a break as searches for hotels and resorts

VITS-Kamats Group launches VITS Select- its new portfolio of mid-market hotels

VITS-Kamats Group, India’s leading chain of hotels and restaurants has now announced a new addition to its portfolio with the launch of…

Pride hotels to expand its footprints to 100 hotels by 2030

Pride Hotels to open 100 hotels by 2030.

IHCL announces the first 75-key Ginger hotel in scenic Agra

IHCL announced the signing of a new Ginger hotel in Agra. 

New research: Indian adventure tourism expected to cross $2.0 billion by 2028

A report on the Indian Travel and Tourism Industry has been put forward by an Investment Banking Anand Rathi Research team which…

Renest Hotels signs up 2 new properties in scenic Dharamshala and Haridwar

Renest Hotels and Resorts has signed up two new hotels in Dharamshala and Haridwar.

IHCL signs a 99-key new Vivanta Hotel in Thane, Maharashtra

Indian Hotels Company (IHCL) announced the signing of a Vivanta hotel in Thane, Maharashtra. Located in the heart of the city on…

Lemon Tree Hotels signs new property in Malad, Mumbai

Lemon Tree Hotels’ latest hotel signing – Lemon Tree Hotel, Malad, Mumbai.

Choice Hotels India strengthens footprint with new Comfort Inn Rishikesh

With scenic views and contemporary facilities, Comfort Inn Rishikesh is an ideal option for a getaway. Choice Hotels India has added yet…

Indian hospitality sees a 39.1% YoY RevPAR growth in Q1, 2022: JLL

The Indian hospitality sector witnessed a rapid and strong recovery post the third wave in January 2022