Countries With the Fastest Growth in Housing Prices

The Global Property Guide portal has published a rating of changes in housing prices in 58 countries for the second quarter of 2022. It turned out that housing prices adjusted for inflation increased year-on-year in only 12 countries. In this regard, analysts conclude that the global housing price boom is showing signs of cooling.

Leaders. In the second quarter of 2022, Turkey (+45.88%), Vietnam's Ho Chi Minh City (+19.44%), Romania (+14.17%), Iceland (+12.92%), and New Zealand (+11.99%) showed the most significant year-on-year growth in housing prices, adjusted for inflation.

Outsiders. The largest year-on-year decline in house prices occurred in Colombo, Sri Lanka (-35.55%), Colombian Bogota (-14.64%), Egypt (-14.09%), Cambodia (-11.65%) and Puerto Rico (-10.95%).

Russia and Ukraine. Over the year to the end of the second quarter of 2022, housing prices in Russia increased by 11.69%, and in Ukrainian Kyiv – fell by 6.43%.

Change in housing prices in popular countries (second quarter of 2021 - second quarter of 2022):

• Turkey +45.88%
• Spain -6.27%
• Germany +2.20%
• Montenegro -1.77%
• UAE (Dubai) +4.04%
• Finland +2.85%
• USA +8.31%
• Thailand -2.25%
• Malta +0.09%
• Italy -6.04%
• UK +3.24%
• Portugal +8.89%
• Egypt -14.09%
• Poland (Warsaw) -7.64%
• Estonia +5.34%
• Latvia (Riga) -4.10%
• Israel +7.13%

Source: Global Property Guide
Photo by Juliana Kozoski on Unsplash

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