The countries with the fastest growth in housing prices in the second quarter of 2023 revealed

What has happened? The Global Property Guide portal has published its latest rating of changes in housing prices in 62 countries for the second quarter of 2023.

It turned out that housing prices, taking into account inflation, increased on an annual basis in only 20 countries.

In this regard, analysts conclude that the global boom in housing prices has come to an end.

The leaders. The strongest annual inflation-adjusted increases in housing prices in the second quarter of 2023 were observed in Turkey (+41.70%), North Macedonia (+18.32%), Dubai in the UAE (+14.56%), Puerto Rico (+12.88%) and Georgia (+12.46%).

Outsiders. The largest year-on-year declines in housing prices adjusted for inflation occurred in Buenos Aires, Argentina (-57.12%), Sweden (-20.17%), Slovakia (-16.64%), Bogota in Colombia (-15 .95%) and Riga in Latvia (-15.15%).

Changes in housing prices in popular countries (second quarter of 2022 - second quarter of 2023):

• Türkiye +41.70%
• Spain +5.63%
• Germany -14.48%
• Finland -5.25%
• Montenegro +1.50%
• Italy -4.37%
• Egypt -1.33%
• Georgia +12.46%
• Thailand +3.10%
• UAE (Dubai) +14.56%
• USA -0.92%
• France -4.42%
• Portugal +9.16%
• Greece +11.33%
• Mexico +5.51%
• Malta +2.01%
• Montenegro +1.50%

Source: Global Property Guide

Photo by Adolfo Félix on Unsplash

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