2021 Global Real Estate Market Review
As we near the end of the year, it’s time to reflect on the past 12 months. House prices globally continue to rise. The value of an average home increased by 9.4% in the 12 months to Q3 2021, up marginally from 9.2% last quarter.
Furthermore, the proportion of housing markets witnessing annual price growth in excess of 10% now sits at 48%, up from 13% at the start of the pandemic. Some stand out countries, include Australia (22.2%), South Korea (23.9%) and Sweden (20.3%) to name a few!
For the first time since the 1990s, housing prices in non-urban areas have increased faster than in cities. The cost-benefit ratio of urban living has taken a sharp turn for the worse, as entertainment and shopping options have been reduced and city-centre offices have been largely abandoned.
If you would like to have a chat about the Global Real Estate Market, please click on the ‘book now’ link below, and I look forward to talking to you all very soon!
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