Europe holds eight of the top 10 positions in Knight Frank’s latest Global House Price Index.
On the residential side, demand is strongest in Spain and Portugal.
Stockholm now leads Knight Frank’s 2026 Prime Residential Forecast, followed closely by Madrid, Lisbon and Dublin. Liquidity is also improving, supported by lower borrowing costs that are helping to stimulate activity across multiple markets.
Migration trends are further shaping demand. More than 100,000 high-net-worth individuals are expected to relocate globally in 2025, and Europe has been identified as one of their top destinations. Southern Europe, in particular, continues to attract talent through competitive tax and lifestyle propositions. These include refreshed regimes in Portugal and established frameworks such as Spain’s “Beckham Law,” both of which remain powerful draws for internationally mobile professionals.
In the commercial property sector, cro
