Comparison of housing price growth in different countries
The World Bank says the rate of rise in world housing prices has reached its highest level in a decade.
According to the International Stone Exhibition of Iran, the World Bank study of the housing market in 57 countries shows that price growth has reached its highest level since the financial crisis of 2009, which the bank believes reflects investors' fears of the situation. Existing coronation and reduction of construction activities of new units. In China, land price growth has been almost constant, but faster growth in construction material prices has pushed housing prices up by an average of 25 percent over the past decade.
As a result of the outbreak of the corona and disruption of the supply chain, the construction of new housing units has created a price bubble in the Scandinavian countries, where the housing situation in Oslo, Norway and Stockholm, Sweden has been more critical than elsewhere in the region. This situation has also had a negative impact on the housing market in Australia and Canada.
The highest price growth in a recent year
1- Luxembourg
Average housing price growth in 2020 compared to the previous year: 13%
2- Slovakia
Average housing price growth in 2020 compared to the previous year: 10%
3- Portugal
Average housing price growth in 2020 compared to the previous year: 9.8%
4- Estonia
Average housing price growth in 2020 compared to the previous year: 9.7%
5- Philippines
Average housing price growth in 2020 compared to the previous year: 9.2%
6- Greece
Average housing price growth in 2020 compared to the previous year: 8.1%
7- Latvia
Average housing price growth in 2020 compared to the previous year: 7.4%
The biggest drop in prices in a recent year
1- Qatar
Average decrease in housing prices in 2020 compared to the previous year: 9%
2- Serbia
Average decrease in housing prices in 2020 compared to the previous year: 8%
3- Ukraine
Average decrease in housing prices in 2020 compared to the previous year: 7.6%
4- UAE country
Average decrease in housing prices in 2020 compared to the previous year: 7.2%
5- India
Average decrease in housing prices in 2020 compared to the previous year: 3.6%
6- Peru country
Average decrease in housing prices in 2020 compared to the previous year: 3.3%
* ISNA
