HONG KONG, June 9, 2021
HONG KONG, June 9, 2021 /PRNewswire/ -- According to Global Property Guide's latest research, house price increases have accelerated to an extraordinary extent in many countries in Europe, in Asia-Pacific, and in the U.S. and Canada. Low interest rates and monetary easing must be assumed to be the main causes.
During the year to Q1 2021:
The strongest housing markets in our global house price survey during the year to Q1 2021 included: Montenegro (+28.7%), Puerto Rico (+23.68%), Egypt (+22.61%), New Zealand (+22.39%), and Sri Lanka (+15.93%), again using inflation-adjusted figures.
While some of these figures can be explained by weak national statistical capacities, others simply reflect an extraordinary boom, for instance New Zealand, where median house prices rose by a whopping 22.39% during the year to Q1 2021.
South Korea's housing market, usually so stable, saw housing prices rise by 9.44% during the year to Q1 2021, compared to the previous year's 0.7% growth and its highest growth in 14 years.
China Taiwan's housing market saw nationwide house prices rising by 9.43% y-o-y in Q1 2021.
For full global analysis please click here:
About the Global Property Guide
The Global Property Guide is a specialist research site dedicated to international residential property investors. It is usually the first to release collated global house price statistics. In addition, we analyse recent developments in countries' property markets, offer global comparisons of rental yields, valuation, rates of taxation, total costs of buying and selling property, landlord and tenant law, and inheritance law and inheritance taxation.
For further information, please contact:
Matthew Pollock, +44 117 376 3832 or alternatively email: Office.Manager@globalpropertyguide.com
SOURCE Global Property Guide