Global Property Guide has named the countries with the fastest growth of housing prices in 2023

What has happened

The Global Property Guide portal has published the latest market report “Global Residential Real Estate” about housing price fluctuations in 62 countries during 2023.

The leaders

The strongest house price increases (inflation adjusted) in the global survey during 2023 were seen in:

• North Macedonia +23.15%
• Montenegro +22.69%
• UAE (Dubai) +16.34%
• Georgia +12.34%
• Portugal +9.29%
• Greece +8.48%

Outsiders

The largest year-on-year declines in housing prices, adjusted for inflation, occurred in:

• Argentina (Buenos Aires) -67.08%
• Jersey -14.83%
• Slovakia -14.08%
• Sweden -11.24%
• Hong Kong -9.17%
• Germany -8.92%

Housing price fluctuations in popular countries during 2023 (inflation adjusted)

• Türkiye +6.53%
• Spain +4.90%
• Germany -8.92%
• Finland +0.08%
• Montenegro +22.69%
• Italy +1.12%
• Egypt +6.11%
• Georgia +12.34%
• Thailand +3.67%
• UAE (Dubai) +16.34%
• USA +3.14%
• France -7.87%
• Portugal +9.29%

It is interesting

Turkey ranks first in the chart in terms of price growth over the year (+75.52%) if not to count inflation. Second place goes to Egypt, where the rise in prices for 2023 amounted to 41.86% in nominal terms.

Source: Global Property Guide

Photo by Juliana Kozoski on Unsplash

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