Knight Frank has named the countries with the most significant increases in housing prices in the second quarter of 2023

What has happened? Knight Frank has published the latest Global House Price Index report for the second quarter of 2023. It turned out that on average annual global house price growth rose slightly from 2.9% in Q1 2023 to 3.0% in Q2 2023.

How did they count? The Global House Price Index tracks the dynamics of average prices for residential real estate in 56 countries around the world. Prices are given in nominal terms (not adjusted for inflation), and in local currency.

TOP-10 countries with the most significant housing price increase over the year by the end of the second quarter of 2023 (not inflation adjusted):

• Türkiye +96.0%
• Lithuania +15.3%
• Croatia +14.0%
• Greece +14.0%
• North Macedonia +12.9%
• Mexico +11.5%
• Colombia +10.1%
• Hungary +9.7%
• Bulgaria +9.5%
• Estonia +9.2%

Source: Knight Frank

Photo by Kyle Glenn on Unsplash

Quoting conditions of Prian.info materials