Named countries with the fastest growth in real estate prices
Last year was a good year for the world’s main housing markets. However, global uncertainty does not contribute to the continued boom in property prices, writes Global Property Guide.
Real house prices, adjusted for inflation, rose in 31 of the 51 global markets for which data is available.
However, the global economic and political uncertainty is not conducive to the continuation of the boom in the housing market. According to experts, North America is at the end of a long economic growth cycle.
The US housing market is cooling after seven years of significant price growth. The Asia-Pacific region is weakened by a coronavirus outbreak, a trade war, and protests in Hong Kong. And the middle East is suffering from political tensions and falling oil prices. However, in most of Europe, house prices are still rising. In Russia, prices increased by 3 % over the year.
TOP 10 strongest markets in the world for house price growth in 2019:
Athens, Greece + 11.3 %
Germany + 11.1 %
New Zealand +10.3 %
Jersey + 7.9 %
Portugal +7.8 %
Estonia +7.6 %
Netherlands +6.5 %
Chile +6.5 %
Thailand +4.9 %
Mexico +4.6 %
The TOP 10 markets with the biggest declines in house prices in 2019:
Qatar -8 %
Puerto Rico -7.9 %
Pakistan -7.7 %
Kiev, Ukraine -5.5 %
Beijing, China -4.7 %
Dubai, United Arab Emirates -4 %
Macao -3 %
Peru -2.5 %
Mongolia -2.4 %
Egypt -2.3 %
Researchers have used the data, adjusted for inflation.
