Both Russia and Ukraine are in top-10 countries where prices for real estate went up in 2020, a recent report revealed.
Top-10 countries where real estate prices are on the rise
According to Global House Prices Index by Knight Frank, Ukraine and Russia are in top-10 countries where property prices went up in 2020. Experts analyzed property prices in 56 countries of the world, Finance.ua reported.
Ukraine is #6 in the rating, with growth of 10.3% in the third quarter of 2020. Russia is at #8, with 9.2% hike in prices within just 3 months from July to September.
On average, property prices went up by 4.5% among all the 56 countries, even though in 16% of them real estate prices dropped in the period from July to September 2020.
Top-10 countries where property prices went up in the third quarter of 2020
- Turkey: 27.3%
- New Zealand: 15.4%
- Luxemburg: 13.4%
- Slovakia: 11.8%
- Poland: 10.9%
- Ukraine: 10.3%
- Austria: 9.5%
- Russia: 9.2%
- Netherlands: 8.5%
- Croatia: 8.3%
Turkey recorded the highest hike in property values, but it also had 14% inflation during the same time. So, the actual growth is only 13%, which is still a giant rise in just 3 months.
The volume of sales of property as well as prices was recorded in New Zealand, Great Britain, and the USA. At the same time in Hong Kong, Singapore, and Spain property prices dropped.
Read also:
- Russians fell in love with Turkish real estate
- Russia’s trend on micro apartments
- Property prices in Ukraine keep growing
- Where to invest in real estate in Ukraine in 2020: Trends
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